Since the Hawaii captive law was enacted on May 29, 1986, there has been a steady increase in the number of new companies incorporated in Hawaii for the sole purpose of securing a captive insurance license from the Insurance Commissioner. Organizers include some of Hawaii’s largest employers, as well as, U.S. and foreign based regional and multinational companies from a diverse range of industries.
Hawaii’s captive laws allow for the writing of all lines of casualty insurance, liability, marine and transportation, marine protection and indemnity, wet marine and transportation, property, surety, title, credit life and credit disability, or other lines that may be allowed by the Insurance Commissioner. Coverages can be provided by the captive on a direct or reinsured basis, or combination thereof.
PDF: 2016 Captive Recap
|Best’s Review interviews the leading captive domiciles to help simplify the complexities of setting up specialized insurance organizations.
Read full story here