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.
The Georgia Captive Insurance Company Act (the “Act”), originally enacted in 1988, allows Captives to obtain a license and operate in the State of Georgia. With the passage of Georgia's Captive bills, the promulgation of Georgia Regulation 120-2-45, and the creation of a dedicated Captive Division at the Department, Georgia continues to ensure that its laws and regulations are consistent with best practices in the Captive industry.
Resources & Guides
- Form a New Captive in the State of Georgia
- Redomesticate an Existing Captive to the State of Georgia
- Become an Approved Captive Manager in the State of Georgia
- Approved Captive Managers in the State of Georgia