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 Pages Tagged With: "DOI"

Videos

Videos from the Captive Insurance Watch these educational videos to learn more about the Captive Insurance. Captive Insurance Legislation reintroduced by two U.S. senators from captive domiciles proposes to amend the Nonadmitted and Reinsurance Reform Act of 2010, which determines how surplus lines taxes are paid by nonadmitted insurers. Watch Video Captive Insurance Delaware’s Insurance […]

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Captive Bureau Highlights

On this page you will find highlights, stories and articles which are not categorized as official press releases by our office. We may also post links to outside articles that mention the Insurance Captive or our staff members. If you are looking for press release from this year, please visit our Newsroom page.   2016 […]

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Regulatory Notices

Below is a list of regulatory notices that can be found on this Captive website: January 5, 2017: Captive Regulatory Notices Captive Insurance Bulletins: No. 4: Reduction of Capital for Special Purpose Captive Insurance Companies; 18 Del.C. § 6905(a)(7) No. 5: Use of Mutual Funds for Minimum Capital and Surplus; 18 Del.C. §6905(c) NAIC Mutual […]

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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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