Small Business Reading Room

Friday, September 02, 2005

New Delaware Legislation: The Delaware Revised Captive Insurance Company Act

The Delaware Captive Insurance Association (DCIA) has applauded the Delaware General Assembly and Governor Ruth Ann Minner on the passing of The Delaware Revised Captive Insurance Company Act. Below are excerpts from an article found on the Division of Corporations website:

  • "Its objective is to encourage the formation of new captive insurance companies – known as captives – in Delaware, thereby bringing the state new business, tax revenue, and jobs."

  • Highlights of Delaware’s new legislation include:
    · flat, capped premium taxes
    · measured, responsible regulation
    · cost advantages
    · allowable licensing of a variety of captive types
    · expanded choices in the legal form of organization a captive may take
    · a wide range of allowable insurance coverages
    · flexibility on minimum capital and surplus requirements
    · investment opportunities.

Check out for more information on captive insurance companies.


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Delaware Intercorp, Inc.
113 Barksdale Professional center
Newark, DE 19711-3258

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