LICENSING/REGISTRATION: Captive Insurer/Domestic RRG

NEW ADDRESS


Arizona Department of Insurance
100 North 15th Avenue, Suite 261

Phoenix, AZ  85007-2630

Starting July 1, 2020, we will be the
Department of Insurance and Financial Institutions (DIFI).


NOTICE

Arizona state agencies are experiencing telephone system problems that may impact your ability to reach us.  If you can e-mail us instead (see our CONTACT US page), please do so.  We do not have an estimate time by which the problem will be resolved.  We are very sorry for any inconvenience this is causing.


Year-end Requirements

ADOI Fee Schedule

Fees are nonrefundable upon payment.  ARS § 20-167(A)

Captive Insurers are an important alternative to traditional insurance because they enable businesses to control and customize their insurance costs and coverages in a manner that is more responsive to their financial objectives.

Noteworthy attributes of forming a captive include:

  • Address availability and affordability issues
  • Customize insurance program
  • Reduce total cost of risk
  • Stabilize premium
  • Retain underwriting and investment income
  • Increase control over claims process
  • Access reinsurance market
  • Improve consolidated tax position

Since the inception of its Captive program in 2002, Arizona has become a leading captive insurance domicile in the US. The Arizona Department of Insurance offers a stable, responsive, cohesive team of insurance professionals who have the necessary expertise and experience to foster a competitive, sound, and market-responsive captives program. We know there are many choices when selecting a captive domicile and we are proud that so many captives have selected Arizona as their preferred state of domicile!

If you are interested in discussing the formation of a Captive insurer in Arizona, please call us!

ARS § 41-1030(G) requires most Arizona government agencies to prominently print the provisions of ARS § 41-1030(B), (D), (E) and (F) on all license applications.  The following is the language in ARS § 41-1030(B), (D), (E) and (F):

B.        An agency shall not base a licensing decision in whole or in part on a licensing requirement or condition that is not specifically authorized by statute, rule or state tribal gaming compact. A general grant of authority in statute does not constitute a basis for imposing a licensing requirement or condition unless a rule is made pursuant to that general grant of authority that specifically authorizes the requirement or condition.

D.        This section may be enforced in a private civil action and relief may be awarded against the state.  The court may award reasonable attorney fees, damages and all fees associated with the license application to a party that prevails in an action against the state for a violation of this section.

E.        A state employee may not intentionally or knowingly violate this section.  A violation of this section is cause for disciplinary action or dismissal pursuant to the agency’s adopted personnel policy.

F.         This section does not abrogate the immunity provided by section 12-820.01 or 12-820.02.