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APPLICATION PROCESS AND FEES

Application Process

Communication is the first step in the application process. Please bring your ideas to us so we can help you determine which type of captive insurance company will meet your needs. Initiate discussions regarding a potential application by calling (775) 687-0748 or e-mailing captives@doi.nv.gov. Division staff will provide the requisite guidance for initiating the application process.

Once you and our team have determined which type of captive insurance company will best meet your needs, you can begin building your application by following the Application Checklist.

Applications must include the following Authorized Service Providers: Actuary, Certified Public Accountant, Captive Manager, and Attorney licensed to practice in the State of Nevada. If the providers that you choose are not on the Approved Service Providers list the service provider must file a resume and Biographical Affidavit with the application to be reviewed and approved by the Commissioner. Please note, we do not require hard copies of all the application documents, but we will request the original signed Application and the original Biographical Affidavits.

After your application and any related documents are electronically filed with us, a financial analyst will be assigned to review your program and will work directly with the Captive Manager of your company. An actuary will also be assigned to review the application and contact you if any additional information is needed.

 

Captive Application Fees

Application fee: $500.00

Administration & Enforcement Fee: $250.00
Licensing Fee: $300.00
Pure Reviewer Firm Fee: $4,000.00
Non-Pure Reviewer Fee: $5,000.00

The fees may be paid by mailing payment to:

Nevada Division of Insurance
Captive Program
1818 East College Parkway, Suite 103
Carson City, NV 89706

​​NEVADA CAPTIVE INSURANCE COUNCIL

503 N. Division Street, Carson City, NV 89703   ·   775-283-4275   ·   www.nvcic.com   ·   info@nvcic.com

All Rights Reserved 2020