DOMICILE ROUNDUP
State Kentucky
Name of regulatory contact
Russell Coy II
Name of captive legislation
KRS Chapter Subtitle 49 Captive Insurers can access via www.
kycaptive.com
Year legislation passed
2000
Recent amendments 2010, 2005
Do you allow cells Yes
Total number of licensed captives
137 Active Single Parent Captives 125
# Group Captives 8 group & 4 RRG
Louisiana Mike Boutwell Captive Insurer Law La. R.S. 22:550.1-550.26
Maine 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 1997 None
Captives are now eligible for Pine Tree Development Zone benefits for a 10-year period. The benefits include a 100%
2008
state income tax credit. None
No
Yes – see sponsored captive insurance companies.
Yes One Two One One
Number of licences granted in past year
18
single parent captives: five group captives: none
Two
Missouri
John F. Rehagen
Captive Insurance Act, 379.1300-1421 RSMo.
2007
2009
No
20 licenses issued, 19 active captives at YE 2011
single parent captives: 18
8
Montana
Steve Matthews Captive Insurance Companies
2001
2011
Yes
83
Number of single parent captives: 67
Number of group captives: 16 RRG’s
Nevada
Michael Lynch Nevada Revised Statute 694C
1999
2005 (added Sponsored Cell Captives)
Yes 125 12
24
New Jersey Robert Kasinow Regulates Captive Insurers bill
Signed February 22, 2011, effective May 23, 2011
None yet
Protected cells will
be permitted
None yet as law is not effective until May 23, 2011
None as
legislation is not effective until May 23, 2011
New York Jody Wald
New York Insurance Law - Article 70, Captive Insurance Companies
1997 None No 46 None
Oklahoma
Oklahoma Insurance Department
Oklahoma Captive Insurance Company Act Title 36 Sections 6470.1 - 6470.33
2004
January 11, 2006
Yes
One
None
90 CICA | Forty years of captive leadership
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