All requests should be submitted to Captive Mail.
At a minimum, requests should include an executive summary explaining the details of the plan change and draft copies of any affected policies, agreements, etc. Depending on the type and materiality of the change, other documentation may be required such as revised financial proformas, most recent unaudited financials, parent’s financials, documentation of board approval, etc.
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Within 3 years of licensure and and then as needed for all captives other than Risk Retention Groups. Risk Retention Groups will be examined once every 5 years.
All filings only need to be submitted electronically unless otherwise requested by the department.
Many redomestications follow the same formation process as new captives, with an application, business plan, and other required filings. However, you should first contact Greg Delleney or Joe McDonald if you are thinking of redomesticating. Captives redomesticating to SC are treated on a case-by-case basis and the typical process may not be required under certain scenarios.