Non-traditional company filings include filings for captives and limited risk entities.
A captive is an insurance company created to insure the risks of its members. Companies, both large and small, have found that forming a captive allows them to better manage the cost and administration of their insurance coverage needs. All captive insurance companies are required to file for initial licensure, renewals, and any subsequent amendments via the GIMS Portal.
Limited Risk Entities
The Limited-Risk Entities Division regulates (1) a growing and constantly evolving community of niche market insurance entities that bear little to no risk, and (2) certain risk-bearing entities that fall outside of the traditional insurance company framework. Eventually, all Limited Risk Entities will be required to file via the GIMS Portal. A current list of those entities which must make all filings through GIMS is available here.