Vanuatu
- Year captive legislation was passed
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- Types of captives allowed
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- Single parent captives
- Association captives
- Group captives
- Protected cell/segregated portfolio companies
- Number of full-time employees in captive regulatory department
- 3
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Initial licensing and incorporating fees required by the domicile
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- Annual fees
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- Premium tax rate
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- Premiums to surplus
- Ratio of premium to capital, 3/4 to 1.
- Minimum capital (broken out by type of captive)
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$100,000 general insurance classes; $250,000 life and long-term insurance classes.
- Applicable Acts/Enabling Legislation
- Insurance Act No.54 of 2005. Insurance Regulation Order No.16 of 2006
- Captive Administrator’s name and longevity in position
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- Speed of licensing
- 2 weeks to 3 months depending on full infor. provided
- Regulator
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- Address and contact information of Regulatory Department
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- Website Address
- https://www.rbv.gov.vu