St. Lucia
- Year captive legislation was passed
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- Types of captives allowed
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- Single parent captives
- Protected cell/segregated portfolio companies
- Number of full-time employees in captive regulatory department
- 2
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Initial licensing and incorporating fees required by the domicile
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- Annual fees
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- Premium tax rate
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- Minimum capital (broken out by type of captive)
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- Class A(1): The greater of USD 100,000 and 10 percent of net retained annual premium
- Class A(2): The greater of USD 150,000 and 20 percent of the first USD 5 million of net retained annual premium plus 10 percent of any net retained annual premium in excess of USD 5 million
- Class B: USD 150,000
- Class C(1): The sum of the margin required for Classes A(1) and B
- Class C(2): The sum of the margin required for Classes A(2) and B
- Applicable Acts/Enabling Legislation
- International Insurance Act, Chapter 12.15; International Banking Act, Chapter 12.17; International Mutual Funds Act, Chapter 12.16
- Captive Administrator’s name and longevity in position
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- Speed of licensing
- 60 days
- Regulator
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- Address and contact information of Regulatory Department
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- Website Address
- https://www.fsrastlucia.org