Wednesday, July 17, 2024
Tax Information


Premiums for captives are taxed at the rates in the table below, and paid by March 1 based on premiums from prior years.




 $1 - 20m



 $20m - 40m



 Above $40,000,000  



Two or more captives under common ownership and control will be taxed as though they were a single captive insurance company

  • The minimum annual premium tax is $5,000
  • Tax rates are accessed on the captive's collected premiums (after deductions)