Arizona

[Last updated: 05/04/18]
Regulatory contact:
Vincent Gosz
ADOI, 2910 N. 44th Street,  
Suite 210, Phoenix, Arizona 85018
Telephone Number – 602-364-4490
Email Address – vgosz@azinsurance.gov
Website –  https://insurance.az.gov

Name of Captive Legislation
A.R.S. §20-1098

Year Legislation Passed
2002

Recent Amendments
None recent, other than adjustments related to NAIC Accreditation

Do you allow Cell Captives?  
Yes

Total Number of Licenced Captives
122 (as of March 2018)

Number of Risk Retention Groups or Group Captives
10

Number of Single Parent Captives
112 (as of March 2018)

Number of Cell Captives
1

Number of licences granted in the past year (2017 calendar year)
11

Approximate (or Average) length of time to process a new captive
30-60 days

Captive tax rates
$0 premium taxes

Minimum capitalisation rate
$250,000- Pure Captives
$500,000 – Group Captives
$500,000 - Agency Captives
$500,000 - Protected Cell Captives
One-Half the amount for Pure or Group Reinsurers

Licencing fees
Initial License $1,000, Annual renewal $5,500, Examiners Revolving Fund $100, Original Charter Documents $75

Industry sectors best represented in the domicile 
Health Care and Social Assistance, Construction, Finance and Insurance, Transportation and Warehousing, Manufacturing, Retail Trade

Top 5 uses for captives in the domicile
General Liability (40)
Workers Compensation (26)
Medical Professional Liability (25)
Auto Liability (22)
Property (20)

Total premiums received by the Captives
 $7.6 billion, direct and assumed