Vital statistics:

Cell captive structures licensed in domicile (PCC, ICC, SAC etc):

Cell Structures (10) PCCs

Date cell captive legislation was passed:

Original protected cell legislation enacted on October 25, 2000. It was amended November 30, 2004 and again on March 14, 2007

Name of cell captive law:

Captive Insurance Company Amendment Act of 2006 D.C. Law 16-0286

Total number of cell companies:

Total cells companies (10)

Total number of individual active cells:

Total active individual cells (12)

Capitalisation requirements:

Capitalization requirements Minimum capital for the PCCI is $250,000. There is no minimum capital for PCs and ICs. Amount of capital required for ICs and PCs is based on the plan of operation of each PC or IC

Licensing Fees:

Licensing fees ($500.00 one time application fee for the PCCI and each IC or PC, and a $300.00 annual renewal fee for each PCCI and IC)

Tax regime for cell companies/cells:

0.250% on first $25M, 0.150% on next $25M. There is a $7,500 minimum premium tax and $100,000 maximum premium tax per PCCI and IC. PCCIs, PCs and ICs may also have a tax obligation to the US Internal Revenue Service

Regulatory contact name:

Dana G. Sheppard

Regulatory contact details:

Associate Commissioner Risk Finance Bureau District of Columbia Department of Insurance, Securities and Banking 1400 L Street, NW, Suite 400 Washington, DC 20005 P: (202) 727-5074 F: (202) 727-1588 Email: dana.sheppard@dc.gov Website: wwww.disb.dc.gov

PCCs in Washington:

View manager contact details