In 2013, Oklahoma Insurance Commissioner John Doak worked with the Oklahoma Legislature to complete a major revision of the state’s captive insurance law. The Oklahoma Insurance Department Captive Insurance Division works hard to ensure that Oklahoma is the domicile of choice through modernized laws and regulations, business-friendly requirements and forms, and fast, responsive staff.
The Division of Financial Regulation, headquartered in the state capital of Salem, implements the state’s captive insurance law and promotes Oregon as a domicile for captive insurance companies. We believe that a properly organized captive insurance company allows businesses to take greater control of their own insurance risks. Oregon’s law allowing captive insurers passed in 2012, and the division began accepting captive insurer applications in fall 2012.
Puerto Rico provides privileged geographical location, a United States jurisdiction with Tax autonomy and a recognized Regulator. A Flexible regulatory regime available for the organization of captives, including Protected Cell platforms legislation, enables turn-key and reduced cost solutions for captive managers. Legal protection is provided to capital under both federal and state constitutions.
A leading provider of Independent Captive and Insurance Management Services.
We are a public accounting firm with a niche in Insurance Accounting. Our services include audit, tax, and consulting for insurance companies ranging from billion-dollar life insurers, to risk retention groups, to small captives and everywhere in between. Our expertise ranges from Statutory Accounting, International Reporting Standards, Generally Accepted Accounting Principles and Tax.
Singapore is the largest captive domicile in Asia Pacific, with a proven track record of well-managed and regulated captives. It also hosts a strong captive ecosystem with a full range of services required to manage and administer captives, such as captive management, audit, tax, legal, accounting, actuarial and secretarial services.
A leader among US domiciles, South Carolina offers captive owners the full package: a statute that is broad and up-to-date; business-savvy regulators who are accessible, reasonable, and highly professional; and world-class captive know-how in a service provider community that is second to none.
South Dakota allows a captive’s ownership interest to be held in a trust or trusts and South Dakota has some of the most favourable trust laws in the nation.
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.