South Dakota

 
Total number of active captives
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Number of active captives (pure)
12
Number of individual cells/cell participants
7
Gross written premium for all captives
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Total number of active captives, prior year
34
Types of captives allowed
  • Single parent captives
  • Group captives
  • Protected cell/segregated portfolio companies
  • Special purpose captives
  • Special purpose financial captives
  • Microcaptives set up using 831(b) regulations*
Number of full-time employees in captive regulatory department
3
Premium tax rate
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Premiums to surplus
Varies
Minimum capital (broken out by type of captive)

Minimum of $100,000 capital and surplus for a trust captive. Minimum of $250,000 capital and surplus for all other captive types.

Applicable Acts/Enabling Legislation
SDCL Chapter 58-46
Captive Administrator’s name and longevity in position and also within department
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Time given for application process
varies
Regulator
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Address and contact information of Regulatory Department
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Website Address
https://dlr.sd.gov/insurance