Legislative & Regulatory
Georgia’s revised Captive Law went into effect on July 1, 2015. The new law reduces Georgia’s premium tax rate for captives to 0.4% on the first $20 million in premiums and 0.3% on premiums above $20 million. In addition, total premium taxes are capped at a maximum of $100,000 per year. In addition to reducing premium taxes, the new law reduces capital requirements and provides additional confidentiality protections for filings made by pure captives. The changes have greatly enhanced Georgia’s desirability as a domicile and have led to a substantial increase in the number of captives in the state. The GCIA was instrumental in passing the legislation and works hand-in-hand with the Georgia Department of Insurance to ensure that Georgia becomes and remains a captive domicile of choice.
Click here to read the Georgia Captive Insurance Company Law
Click here to read the Georgia Captive Insurance Company Regulations
Click here to access the Georgia Department of Insurance Captive Insurance Company Forms