Texas

 
Year captive legislation was passed
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Total number of captives as of year-end 2022
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Number of pure / single parent captives as of 2022
72
Number of risk retention groups (RRGs) as of 2022
1
Total gross premium written and assets under management (AuM) as of year-end 2021
Gross premium: USD $10.4bn; AuM USD $20.3bn
Types of captives allowed
  • Single parent captives
Number of full-time employees in captive regulatory department
1
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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Minimum capital (broken out by type of captive)

$250,000

Applicable Acts/Enabling Legislation
Texas Insurance Code Ch. 964. Texas Administrative Code Ch. 6. Business Organizations Code.
Captive Administrator’s name and longevity in position
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Speed of licensing
60-120 days
Regulator
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Address and contact information of Regulatory Department
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Website Address
https://www.tdi.texas.gov/insurer/captives.html