Please be advised, the Wilmington Office of the Delaware Department of Insurance has moved to a new location effective June 30th, 2023. The new address for the Wilmington office is: 503 Carr Road, Suite 303, Wilmington, Delaware 19809. (All payments should be mailed to 1351 West North Street, Suite 101, Dover, Delaware 19904.)
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Captive insurance companies, which are owned by the entities that they insure, are usually formed by businesses that wish to better manage the cost and administration of their insurance coverage.
In 2005, the Delaware General Assembly passed House Bill 218, modernizing Delaware law regarding the formation of these companies and positioning Delaware to become a home to the growing number of captive insurance companies being created by companies worldwide.
Delaware’s sophisticated corporate laws, judiciary and financial infrastructure make it the preeminent jurisdiction for business. These benefits are extended to the companies through the Delaware Captive Insurance Program.
Related Topics: Captive Insurance, captive insurance companies, corporate law, Delaware Captive Insurance Program, Department of Insurance, DOI, Insurance Commissioner, Trinidad Navarro, welcome message
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