CICA > Domiciles > South Dakota

South Dakota

 
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Year captive legislation was passed
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Types of captives allowed
  • Single parent captives
  • Group captives
  • Protected cell/segregated portfolio companies
  • Special purpose captives
  • Special purpose financial captives
Number of full-time employees in captive regulatory department
4
Initial licensing and incorporating fees required by the domicile

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Annual filing requirements
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Annual fees
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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
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Speed of licensing
30 days or less
Regulator
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Address and contact information of Regulatory Department
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Website Address
https://www.dlr.sd.gov/insurance