Desert Domicile
Captive insurance is a regulated form of self-insurance, in which the insurer is owned wholly by the insureds. It is organized for the purpose of self-funding the owners’ risks. Currently, Nevada, which is known for being a business-friendly state, ranks 4th in the nation as a domicile for captive insurers. Why is it so attractive? Among many contributing factors is its no personal or corporate tax structure and a readily available, knowledgeable and responsive Insurance Division staff. Nevada also offers a tax credit of up to $5,000 applicable to the first year of a captive’s acquisition of a Certificate of Authority. Find out more.
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Please note: Risk Retention Groups (RRGs) are not permitted to write first-dollar auto liability to satisfy the requirements of NRS 485.3091 in Nevada. However, RRGs can write auto liability for their members in excess of the financial responsibility limits required persuant to Nevada law.
| Captive Insurer Application | PDF Format | MS Word Format |
| Irrevocable Letter of Credit | PDF Format | MS Word Format |
| Captive Annual Statement :Pure | PDF Format | MS Word Format |
| Captive Insurance Premium Tax Return | PDF Format | MS Excel Format |
| Uniform Consent to Service of Process | PDF Format | MS Word Format |
| Biographical Affidavit | PDF Format |
Nevada Commission on Economic Development is an excellent resource for finding information about establishing and growing your business in Nevada.
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