Vanuatu
- Total number of active captives
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- Number of active captives (pure)
- 4
- Number of active captives (group/association)
- 1
- Gross written premium for all captives
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- Total number of active captives, as of 12/31/2018
- 5
- Types of captives allowed
-
- Single parent captives
- Association captives
- Group captives
- Protected cell/segregated portfolio companies
- Number of full-time employees in captive regulatory department
- 3
- 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)
-
$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 and also within department
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- Time given for application process
- 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