CICA > Domiciles > U.S. Virgin Islands

U.S. Virgin Islands

 
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Total number of captives
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Number of captives (pure)
5
Gross written premium for all captives
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Total number of active captives, as of the prior year
4
Types of captives allowed
  • Single parent captives
  • Association captives
  • Group captives
  • Protected cell/segregated portfolio companies
  • Special purpose captives
  • Special purpose financial captives
  • Microcaptives set up using 831(b) regulations*
Annual fees
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Premium tax rate
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Minimum capital (broken out by type of captive)

CAPITALSingle Parent Not less than $75,000Industrial Insured (Stock) Not less than $100,000Industrial Insured (Mutual) Not less than $100,000Association Intl. Stock Not less than $125,000Association Intl. Insurer Not less than $125,000 SurplusSingle Parent Not less than $100,000Industrial Insured (Stock) Not less than $125,000Industrial Insured (Mutual) Not less than $125,000Association Intl. Stock Not less than $250,000Association Intl. Insurer Not less than $250,000

Applicable Acts/Enabling Legislation
Virgin Islands International Insurers Act No. 7569 Title 22, Chapter 55 V.I. Code. Alternative Market Act No. 7147 Title 22, Chapter 66 V.I. Code.
Captive Administrator’s name and longevity in position
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Time given for application process
45 days
Regulator
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Address and contact information of Regulatory Department
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Website Address
https://ltg.gov.vi