U.S. Virgin Islands
- 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
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- 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)
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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