A captive domicile is a legal jurisdiction that has enacted a captive insurance law that is enforced by an overseeing regulatory agency. Captive laws offer attractive benefits to prospective investors; and the governing agency ensures the viability of captive companies to maintain the attractiveness of the domicile.

 

The benefits the program participant or the owner enjoys will depend on capitalization requirements, investment restrictions, fees, taxes, reporting requirements, and other operating requirements. Moreover, commitment of the governing body to solvency and capital adequacy, the domicile political and economic stability, and the general infrastructure contribute to the quality of a domicile. Independent agencies and various financial institutions continuously monitor overall quality of all domiciles and provide guidance to general investors.

 

Today, over sixty domiciles exist, including the following jurisdictions:

Captive Resources - What is a captive domicile and how do I choose one?

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Arizona

 

Guam

 

Montana

 

Turks & Caicos

 

Bahamas

 

Guernsey

 

Nevada

 

US Virgin Islands

 

Barbados

 

Hawaii

 

New York

 

Vermont

 

Bermuda

 

Hong Kong

 

Panama

 

Virginia

 

British Virgin Islands

 

Illinois

 

Rhode Island

 

West Virginia

 

British Columbia

 

Ireland

 

South Carolina

 

 

 

Cayman Islands

 

Isle of Man

 

South Dakota

 

 

 

Colorado

 

Kansas

 

Singapore

 

 

 

Delaware

 

Luxembourg

 

States of Jersey

 

 

 

Georgia

 

Maine

 

St. Lucia

 

 

 

Gibraltar

 

Malta

 

Tennessee