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Captives Information

 

 

Annual Reports for Captives

Before March first of each year, all captive insurance companies, Risk Retention Groups: Domestic and Special Purpose Financial Captives must submit annual reports of their financial condition to the Department.   

In some instances, a captive insurance company may make written application to file on a fiscal year end that is consistent with the parent company’s fiscal year.  If an alternative reporting date is granted, the annual report is due sixty days after the fiscal year end.  Also, in order to provide sufficient detail to support the premium tax return, the pure captive insurance company must file pages 1 through 7 of the "Captive Annual Report" before March 1 yearly for each calendar year end.

Captives

  1. ANNUAL REPORT 2011 (Fillable Excel Spreadsheet) (When opening program, if you receive a dialog box asking for a password, cancel the dialog box and the document will open)
  3. Attestation Report (Only required if you are not completing ANNUAL REPORT 2011 in the Excel format provided in 1. above.) (Fillable Excel Spreadsheet) (When opening program, if you receive a dialog box asking for a password, cancel the dialog box and the document will open)

  4. Economic Impact Report Fillable

  5. Industrial Insured Group (RRG) Captive and Association Captive Required Filings

Risk Retention Groups: Domestic

  1. Annual Statement
    The Annual Statment must be filed on the NAIC blank used by the P&C Companies.  Please contact the NAIC directly for this form. www.NAIC.org
  2. Attestation Report (Fillable Excel Spreadsheet) (When opening program, if you receive a dialog box asking for a password, cancel the dialog box and the document will open)

Special Purpose Financial Captives

  1. SPFC Annual Statement
    The SPFC Annual Statement must be filed on the NAIC blank.  Please contact the NAIC directly for this form. www.NAIC.org

General Information 

Approved Actuaries
Approved Certified Public Accountants (CPAs)
Approved Managers
Captives by SIC Codes [pdf 11k]
Captives Activity [pdf 31k]

 

Premium Tax Forms & Instructions

Companies are now required to file their Insurer Fee and Premium Tax Forms electronically rather than on paper. The change will take effect with the first filing period of the year - March 1, 2011. However, electronic filing will not be available on-line until February 15, 2011. 

SCDOI Contact Information

Jeff Kehler, Program Manager of ARTS
Alternative Risk Tranfer Services ("ARTS")                                             
Phone: 803-737-6118 - Columbia
Email: jkehler@doi.sc.gov

Leslie Jones, Deputy Director
Market, Actuarial and Alternative Risk Transfer Services
Special Purpose Financial Captives
Phone: 843-577-3413 - Charleston
Email: ljones@doi.sc.gov

Columbia Office                                    Charleston Office
1201 Main Street, Suite 1000                    145 King Street, Suite 228
Columbia, South Carolina 29201                 Charleston, South Carolina 29401