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
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- Single parent captives
- Number of full-time employees in captive regulatory department
- 1
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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)
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$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