Kentucky

For 20 years, Kentucky has been a successful captive domicile. We have experienced captive mangers and over 30 CPAs, attorneys, actuaries, and other service professionals located in Kentucky. Kentucky has enjoyed strong support from government and industry, and has experienced staff dedicated specifically to captives.

[Last updated: 01/06/23]

Regulatory contact:
Russell Coy
Kentucky Captive Coordinator and Early Warning Analyst

Department of Insurance
Mayo-Underwood Building
500 Mero Street, 2 SE 11
Frankfort, KY 40601

Telephone Number  
Main Line--(502) 564-6082, ext. 25274 
FAX--(502) 564-4604  

Email Address  
Russell.Coy@ky.gov

Website  
http://captive.insurance.ky.gov

Name of Captive Legislation                       
Kentucky Captive Insurance Law

Year Legislation Passed                                                 
2000

Recent Amendments                                      
Amended 2006 & 2010

Do you allow Cell Captives?                        
Not at this time

Total Number of Licenced Captives 
32       

Number of Risk Retention Groups or Group Captives                      
3 RRGs and 6 group

Number of Single Parent Captives                            
23

Number of Cell Captives                                               
N/A

Number of licences granted in the past year (2022 calendar year)    
0

Approximate (or Average) length of time to process a new captive 
1-2 months

Captive tax rates 
Kentucky Premium Tax Rate
Millions of Dollars            Direct Premiums Tax Rate (%)    Assumed Premiums Tax Rate (%)
0-20                                                       0.40                                    0.225
20-40                                                     0.30                                    0.150
40-60                                                     0.20                                    0.050
60+                                                        0.075                                 0.025
A minimum of $5,000 per year is charged if the premium tax would not otherwise exceed that amount.

Minimum capitalisation rate
Pure                      $250,000 USD
All others             $500,000 USD

Licencing fees 
Admission           $600
Annual                  $300 ($600 for RRGs)

Industry sectors best represented in the domicile 
Automobile, health care and elder services, manufacturing, real estate and construction, and shipping/transport and logistics.                                                                                                           
Top uses for captives in the domicile

  • Medical Malpractice/Professional Liability
  • General Liability
  • Property & Facility
  • Products Liability
  • Product or Service Warranties
  • Employment Practices

Kentucky has three RRGswriting med-mal.  We also have large ESOP controlled captives. 

Total premiums received by the Captives
Total annual premium approx.  $105 million

Total value of assets under management
Approx. $128 million

Captive Insurance Managers registered to conduct business in domicile


Valley National Admin. Services  

17

The Underwriters Group

4

MIJS Captive Management            

4

KHA

2

Marsh

2

Quest

1

Others

3