Tennessee Captive Domicile Summary

Tennessee State Seal-SF

Tennessee, which is one of the oldest domestic captive domiciles, has, in recent years, become one of the fastest growing.

Over the last 5 years, Tennessee captive count shot up nearly sixfold rising to 167 at the end of 2017 from 28 in 2013.

That growth, experts say, has been fueled by sweeping improvements state legislators have made to the statute.

Included in the first round of changes, enacted in 2011, were revisions to the 1978 law, which, among other things, set new captive minimum capital and surplus requirements, allowed captives to provide workers compensation coverage if certain conditions were met, as well as mandating that premium taxes paid by captives be used to help fund the state's captive regulation.

And positive legislative changes have continued. For example, in 2016, lawmakers approved a measure that gives a 1-year premium tax exemption for captives that redomesticate from non-US domiciles. Other changes include clarification that the assets of any individual cell captive cannot be seized as part of litigation against another cell.

The measure also gives most captives more time to file their annual reports.


Captive Domicile Statistics

Total Captive Count*
Year Captives
2017 167
2016 157
2015 122
2014 70
2013 28
*Includes active and inactive captives.

Captives' Gross Written Premiums
Year Premium Volume
2017 $1.2 billion
2016 $1.0 billion
2015 $656.2 million
2014 $432.8 million
2013 $178.2 million

Captive Domicile Contacts

For more information, contact
Michael A. Corbett
Director—Captive Insurance
Davy Crockett Tower, 7th Floor
500 James Robertson Parkway
Nashville, Tennessee 37243
Phone: (615) 741–6253

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