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