Forming a Captive Insurer

Businesses face multiple types of risks every day of the year. In order to mitigate those risks, the Arkansas Insurance Department encourages you to consider forming a Captive Insurance Company to help you control your bottom line. Recent changes to state law have opened the doors to forming a captive to virtually all kinds of businesses, making Arkansas the Land of Opportunity for those who wish to reduce the cost of doing business.

The Arkansas Insurance Department is a phone call away to assist you in determining if a captive insurance company is right for your business, and our central location in the United States makes it easy for you to visit us for meetings where you will have the opportunity to see why we are called The Natural State!

Our team is ready to welcome you to Arkansas, where we will treat you like a client and not a number.

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Arkansas Captives

Under the Leadership of our Insurance Commissioner, the Arkansas Insurance Department is committed to making Arkansas a new residence for captives. Our experienced and dedicated insurance professionals are committed to ensuring a quick and efficient licensing process for Captives.

A captive insurance company insures or reinsures the risks of its parent, affiliates or certain unrelated entities. It is an alternative to the traditional market and is a risk management tool that can be designed to address the risk management needs of its owners or members.

Why Arkansas?

•Reasonable capital and surplus requirements

•Pure captives and Industrial insured captives are not subject to any restrictions on allowable investments contained in the Arkansas Insurance Code.

•Competitive premium tax rates with a $100,000 premium tax cap in any year.

•No hidden fees or assessments.

•Insurance Professionals who understand that captives are not to be regulated in the same manner as traditional insurers

•Reporting flexibility

•Insurance Commissioner and staff who are committed to a pro-business approach to regulation

•Flexibility in forming the business organization

For assistance and additional information contact the Finance Division