West Virginia

 
Year captive legislation was passed
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Types of captives allowed
  • Association captives
  • Group captives
  • Protected cell/segregated portfolio companies
  • Risk retention groups
  • Special purpose captives
Number of full-time employees in captive regulatory department
2
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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Minimum capital (broken out by type of captive)

Pure captive, $100,000/$150,000; association captive, $350,000/$350,000; industrial insured captive, $250,000/$250,000; association captive as a mutual, $0/$600,000; industrial insured captive as a mutual,$0/$400,000

Captive Administrator’s name and longevity in position
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Speed of licensing
60 days
Regulator
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Address and contact information of Regulatory Department
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Website Address
https://www.wvinsurance.gov