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 Pages Tagged With: "Delaware Captive Insurance Program"

Application Checklist

The following documents on out checklist need to be completed and emailed to captive@state.de.us Form A-1 Captive Application for Certificate of Authority – Application for Admission Form A-2 Business Unit Application Form B-1 Biographical Affidavit – needed for all Directors and Officers Form B-2 Declaration Affidavit for Financial Institution As Trust Trustee Form D-1 Designation […]

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Laws, Regulations and Bulletins

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 captives and positioning Delaware to become home to […]

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Taxes & Fees

APPLICATION Captive Application Fee $300/Processing Fee $3,200 Series Application Fee $300/Processing Fee $3,200 Annual CERTIFICATE OF AUTHORITY RENEWAL FEE is due on March 1st annually. The $400 Renewal Fee for all captive companies is payable to the Delaware Department of Insurance on the Premium Tax and Fees Report. PREMIUM TAX is due by March 1st […]

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Annual Filing Requirements

The date that a Captive is licensed is the date filing responsibilities commence. If a Captive is licensed in the year 2015 the captive must meet the filing requirements for 2015. Pure Captives, Core LLCs and Series Captive Insurance Companies Agency, Industrial, Sponsored and Special Purpose Captives other than Series LLCs Association Captives Captive Companies […]

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Dissolution

Documents required for Captive Dissolution: The captive company must notify the Captive Bureau in writing of its intent to dissolve, including the reason for dissolution, and provide: Consent of Board of Directors or Managing Members authorizing the dissolution Current year Annual Report Proof of Premium Tax payments for prior year as well as the current […]

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Redomestication

Companies wanting to redomesticate a captive insurance company to the State of Delaware will need to file the following documentation with the Captive Bureau. The forms can be found on the forms page: Form A-1 Captive Application for Certificate of Authority Strategic Business Plan Form B-1 Biographical Affidavits Form D-1 Designation to Receive Department of […]

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List of Captive Forms

Below is a list of forms that can be found on this Captive website: Form A-1 — Captive Application for Certificate of Authority Form A-2 — Series Application Form B-1 — Biographical Affidavit Form B-2 — Declaration Affidavit of Financial Institutions as Trust Trustees Form C-1 — Account Bank Balance Confirmation Form Form C-2 — […]

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Authorized Service Providers

The following are the business entities authorized in Delaware to serve captive insurance companies.   To become an authorized service provider, submit an application to: Administrator, Captive Insurance Program Delaware Department of Insurance The Nemours Building 1007 Orange Street, Suite 1010 Wilmington, DE 19801 The following forms are required and can be found on the […]

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Application Process

Communication is the first step in the application process. Please bring your ideas to us so that we can help you create a captive insurance company that will meet your needs and satisfy our regulatory framework. We are available to meet in person or by teleconference. Please call Jamie Bafundo at 302.577.5281 to get this […]

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Captive Bureau Archives

If you are looking for press releases from this year, please visit our Captive Bureau Newsroom page.     2017 February 22 Search Begins for New Delaware Captive Insurance Bureau Director   2016 October 27 Delaware’s Captive Bureau Nominated as Non-European Union Domicile of the Year October 17 Commissioner Stewart Offers Tax Solution for Captive […]

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