Tennessee

 
Total number of active captives
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Number of active captives (pure)
128
Number of active captives (group/association)
2
Number of individual cells/cell participants
435
Gross written premium for all captives
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Total number of active captives, prior year
155
Types of captives allowed
  • Single parent captives
  • Association captives
  • Group captives
  • Protected cell/segregated portfolio companies
  • Risk retention groups
  • Special purpose captives
  • Special purpose financial captives
  • Microcaptives set up using 831(b) regulations*
Number of full-time employees in captive regulatory department
15
Annual fees
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Premium tax rate
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Applicable Acts/Enabling Legislation
Revised Tennessee Captive Insurance Act and related statutes. Rules of the Tennessee Department of Commerce & Insurance for Tennessee Captive Insurance Companies. Commissioner’s Bulletin Regarding Credit for Reinsurance for Tennessee Captive Insurance Companies. Notice of Rulemaking Hearing, Captive Insurance Companies.
Captive Administrator’s name and longevity in position and also within department
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Time given for application process
Less than 30 days
Regulator
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Address and contact information of Regulatory Department
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Website Address
https://www.tn.gov/commerce/insurance.html