Kansas

[Last updated: 18/07/16]
Regulatory contact:
Ken Abitz or Commissioner Ken Selzer
Address of regulator
420 SW Ninth Street
Topeka, KS 66612
Telephone Number
785-296-3071 (Kansas Insurance Department)
Email Address
kabitz@ksinsurance.org
commissioner@ksinsurance.org
Website
ksinsurance.org

Name of Captive Legislation
K.S.A. 40-4301 et seq.

Year Legislation Passed
1988

Recent Amendments
None

Do you allow Cell Captives?
No

Total Number of Licenced Captives  
2

Number of Risk Retention Groups or Group Captives
0

Number of Single Parent Captives
2

Number of Cell Captives
0

Number of licences granted in the past year (2015 calendar year)
1

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

Captive tax rates  
Premium taxes at 2% of premiums received on risks located in Kansas

Minimum capitalisation rate  
Common Capital Stock          $100,000

Paid-In Surplus    $150,000  (Pure Captive)
                         $300,000  (Industrial Insured Captive formed as Stock Insurer)
                         $500,000  (Industrial Insured Captive formed as Mutual Insurer)

Licencing fees  
Examination of Charter and Other Documents   $500
Filing Annual Statement                                  $100
Certificate of Authority                                    $10

Industry sectors best represented in the domicile  
Medical Malpractice – Nursing Home Staff
Aircraft – Reinsurance of Product Liability

Top uses for Captives in the domicile
Medical Malpractice – Nursing Home Staff

Total premiums received by the Captives
$132,532

Total value of assets under management
$7,916,872

Captive Insurance Managers registered to conduct business in the domicile
None

Kansas Insurance Department Comments:
The Department has only one active captive insurance company, which is currently writing medical malpractice coverage for the parent company’s nursing home staff.  The other captive has been in run-off for over 10 years.