The Guam Captive Insurance Association Corporation (GCIA) was formally organized in 1997. GCIA was formed to support, promote, foster, and market Guam as an attractive and competitive captive insurance domicile; to assist and advise the Insurance Commissioner regarding matters affecting captive insurance companies in Guam; and to support Guam's captive insurance industry with respect to legislative, regulatory and other matters which affect formation or operation of captive insurance companies.
Membership
Membership in GCIA is open to all captive insurance companies licensed in Guam and to all individuals and entities with a bona fide interest consistent with the positive promotion, development and maintenance of captive insurance in Guam. Annual dues are $500 per Corporate member and are not prorated. Two current members of GCIA are needed to sponsor prospective members.
In addition to Guam's Insurance Commissioner (an ex officio member), plus captives licensed in Guam, GCIA members include captive managers, brokers, financial institutions, accounting firms, legal firms, actuary/risk consultants, insurance companies, and claims administrators, all of whom are either directly involved in captives and/or support the development of a quality captive environment in Guam.
View the current membership listing for the Guam Captive Insurance Association: GCIA members. (Adobe Acrobat Reader file. To execute this file, you must first download and install Adobe Acrobat Reader. There is no charge for this software.)
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Obtain the GCIA Application form: GCIA Application. (Adobe Acrobat Reader file)
Membership Benefits
Opportunity to participate in Guam/GCIA promotional events-
Organization/Name listing in captive insurance literature for prospective
captive companies
-
Annual update of captive insurers
- Opportunity
to participate in GICA's recommendations to the Guam Legislature and
other regulatory bodies
- Participation
in educational workshops
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Notices of GCIA meetings
-
Each member will have one vote in GCIA
Association Committees
- Membership/Education Committee:
- Members in this Committee are responsible for matters relating to membership requirements, fees, and ongoing education.
- Legislation/Tax/Accounting Committee:
- This Committee shall propose and/or review legislative, regulatory, and administrative bills, proposals, and other initiatives which affect the formation and maintenance of captive insurance companies in Guam, and to make recommendations to the GCIA Board regarding same. When appropriate and necessary, the committee shall assist in the drafting of legislative, regulatory and other administrative initiatives which would improve the climate for the formation and maintenance of captives domiciled in Guam.
- Marketing Committee:
- Members in this Committee are responsible for matters relating to marketing Guam as a captive domicile.
- Conference Committee:
- This Committee is responsible for planning, organizing, and overseeing an annual captive conference to be held in Guam and in-part sponsored by the corporation.
