US CAPTIVE DOMICILE ROUND-UP STATE
NAME OF REGULATORY CONTACT
ILLINOIS
Etta Mae Credi
NAME OF CAPTIVE LEGISLATION
YEAR LEGISLATION PASSED RECENT AMENDMENTS
DO YOU ALLOW CELLS
TOTAL NUMBER OF LICENSED CAPTIVES
NUMBER OF LICENCES GRANTED IN PAST YEAR
Domestic Captive Insurance
Companies (Article VIIC of the IL Ins Code)
l987 None
We have Protected Cells; however, this is a separate statute from the captive law.
KANSAS
Kenneth Abitz
K.S.A. 40-4301 et seq. Captive Insurance Companies
1988 Last amendment in 1990 No
We have one active pure captive and one industrial insured captive in run-off.
No licences have been issued for several
years. Same tax as any domestic insurer.
One pure captive None
KENTUCKY
Russell Coy II
KRS Chapter 304, Subtitle 40, Captive Insurers
2000
2010, 2005
Yes
127
25
LOUISIANA Mike Boutwell
MAINE
Captive Insurer Law La. R.S. 22:550.1- 550.26
Alex Bourne Title 24-A, Chapter 83, Captive Insurance Companies
MICHIGAN
David Piner Senate Bill 1061 (became Chapters 46, 27 and 48 of Michigan Compiled Law)
2008
None
No
One
One
1997
Captives are now eligible for Pine Tree Development Zone benefits for a 10-year period. The benefits include a 100% state income tax credit.
2008 None
Yes – see sponsored captive insurance companies.
Yes
One
One
Four
Two
MISSOURI
John F. Rehagen
Captive Insurance Act, 379.1300-1421 RSMo.
2007
2009
No
11
6
MONTANA
Steve Matthews
Captive Insurance Companies
2001
2011 Pending
Yes
68
25
54 US Captive . April 2011
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