Tennessee

 
Year captive legislation was passed
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Total number of captives as of year-end 2025
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Total new captives in 2025
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Total surrendered licenses in 2025
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Number of pure / single parent captives as of 2025
104
Number of group / association captives as of 2025
4
Number of sponsored / cell company captives as of 2025
68
Number of individual cells / series as of 2024
695
Total gross premium written for all captives as of 2025
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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
Number of full-time employees in captive regulatory department
15
Initial licensing and incorporating fees required by the domicile

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Annual requirements
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Annual fees
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Premium tax rate
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Dividend Distribution for Surplus Allowance
Yes upon approval.
Minimum capital (broken out by type of captive)

$250,000 Pure
$100,000 PCC
$500,000 Association/Industrial Insured
$1,000,000 RRGs

Applicable Acts/Enabling Legislation
Title 56 – Insurance – Chapter 13 – Tennessee Captive Insurance Company Act; Title 48 – Securities, Corporations and Associations
Captive Administrator’s name and contact information
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Speed of licensing
Up to 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/captive-insurance.html
State domicile association name and website
Tennessee Captive Insurance Association, Inc., https://www.tncaptives.org/