Captive Capital & Surplus Requirements
Capital Requirements per ACA 23-63-1604 & Surplus Requirements per ACA 23-63-1605
|
Captive Type |
Minimum Capital Requirement |
Minimum Surplus Requirement |
|
Association |
$400,000 |
$350,000 (stock insurer) $750,000 (mutual insurer) |
|
Industrial Insured |
$200,000 |
$300,000 (stock insurer) $500,000 (mutual insurer) |
|
Pure |
$100,000 |
$150,000 |
|
Special Purpose |
$300,000 |
$300,000 |
|
Sponsored |
$250,000 |
$250,000 |
|
Producer Reinsurance |
$300,000 |
$300,000 |
Contact the Finance Division for additional information