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REGULATORY Factors considered in
selecting the domicile for a Captive Insurer? 1. The
legislative and regulatory philosophy, commitment, and appreciation of
captive insurance companies. 2. The accessibility to
regulators and governmental officials that act on the legislation and
regulations that impact captives. 3. The
lines of insurance the domicile permits a captive to write. 4. The
requirements of records and files that must be maintained in domicile and
therefore duplicated if captive administrative offices are located elsewhere. 5. The
investment restrictions. 6. The flexibility
for a captive to set its rates without prior approval of domicile regulator. 7. The
requirements for meetings of the board of directors of the captive. 8. The
premium taxes. 9. How
the domicile charges expenses for regulatory examinations and timeliness of
regulatory exam reports. |
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F. Darrell Lindsey State Approved Captive/RRG Manager |
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BACK – USE ARROW TO PRINT USE PRINT PREVIEW |
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