Texas

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: 25/01/23]

Regulatory contact:
Amy Garcia, Associate Commissioner
1601 Congress Avenue
Austin, TX 78701
Telephone Number
(512)676-6446
Email Address
amy.garcia@tdi.texas.gov
Website  http://www.tdi.texas.gov/licensing/company/captives.html

Year Legislation Passed
2013

Recent Amendments
N/A

Do you allow Cell Captives?
No

Total Number of Licenced Captives 
72 Pure Captives

Number of Risk Retention Groups or Group Captives
0

Number of Single Parent Captives
72

Number of Cell Captives
0

Number of licences granted in the past year (2022 calendar year)
8

Approximate (or Average) length of time to process a new captive
60-90 days for new formations upon receipt of a complete filing.
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.

Licencing fees 
$1,500 application fee

Industry sectors best represented in the domicile 
Various

Top uses for Captives in domicile
Various

Total premiums received by the Captives
$10.4 bn as of 12/31/2021

Total value of assets under management
$20.3 bn as of 12/31/2021