Established by legislation in 2013, Texas considers pure captives from a growing diversified market and offers a .5% premium tax rate. A very favorable state economic climate coupled with a regulatory process designed to engage, assess, and approve legitimate captive insurer programs makes Texas the destination for businesses throughout the world.
[Last updated: 18/07/16]
Jeff Hunt, Director of Company Licensing
333 Guadalupe St.
Austin, TX 78701
Year Legislation Passed
Do you allow Cell Captives?
Total Number of Licenced Captives
28 Pure Captives
Number of Risk Retention Groups or Group Captives
Number of Single Parent Captives
Number of Cell Captives
Number of licences granted in the past year (2015 calendar year)
Approximate (or Average) length of time to process a new captive
60-90 days for new formations
30-45 days for redomestications
Captive tax rates (include descriptions if needed)
http://comptroller.texas.gov/taxinfo/taxpubs/tx94_130.pdf - Maintenance tax information.
0.5% premium tax rate
Minimum capitalisation rate
Minimum of $250k NOT including working capital.
$1,500 application fee
Industry sectors best represented in the domicile
Top uses for Captives in domicile
The rest are an even mix between miscellaneous services, and retail.
Total premiums received by the Captives
Total value of assets under management