Ohio
- Total number of captives
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- Number of captives (pure)
- 3
- Number of individual cells/cell participants
- 3
- Total number of active captives, as of the prior year
- 15
- Types of captives allowed
-
- Single parent captives
- Protected cell/segregated portfolio companies
- Special purpose financial captives
- Number of full-time employees in captive regulatory department
- 2
- Annual fees
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- Premium tax rate
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- Premiums to surplus
- Flexible, based upon the business model.
- Minimum capital (broken out by type of captive)
-
$250,000 minimum, single-parent; $500,000 minimum, protected cell
- Applicable Acts/Enabling Legislation
- Ohio Revised Code 3964
- Captive Administrator’s name and longevity in position
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- Time given for application process
- 30 days
- Regulator
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- Address and contact information of Regulatory Department
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- Website Address
- https://www.insurance.ohio.gov