domicile

Hawaii Captive Insurance: Regulations, Requirements & Providers

US Pacific captive domicile with a capped, tiered premium tax.

2 active providers

How are these providers ranked?

At a glance

Jurisdiction
Hawaii
Domicile type
US onshore captive domicile
Active providers on Bastivo
2

Key characteristics

  • Regulated under Hawai'i Revised Statutes Title 24, Chapter 431, Article 19 (enacted 1986) by the Department of Commerce and Consumer Affairs Insurance Division's Captive Insurance Branch
  • Five captive classes: Class 1 (single-owner reinsurance only), Class 2 (single-owner direct and reinsurance), Class 3 (multi-owner association or risk retention), Class 4 (sponsored/cell), and Class 5 (reinsurance or excess only)
  • Around 224 licensed captive owners as of mid-2025, with meaningful representation from Asia-Pacific parent companies
  • Minimum statutory capital ranges from $100,000 (Class 1) to $500,000 (Class 3 and 4); Class 5 is set case by case
  • Tiered premium tax stepping down from 0.25% to 0%, capped at $200,000 per year, with no minimum premium tax

Primary sources

Considering Hawaii

Why companies consider Hawaii

  • A capped, tiered premium tax that falls to zero above $250 million in annual premium
  • Established ties to Asia-Pacific parent companies, reflecting Hawai'i's geographic position
  • One of the longer-running US captive statutes, in continuous use since 1986
  • Board meetings may be held by teleconference rather than requiring in-person attendance

Key considerations

  • Minimum capital and surplus is ultimately set by the Insurance Commissioner case by case, subject to the statutory floors
  • A principal place of business in Hawai'i is required
  • Direct insurance is largely limited to property and casualty lines; personal lines need Commissioner approval
  • Confirm current fees and thresholds with the Captive Insurance Branch or a licensed captive manager

Each card shows how that provider relates to Hawaii — headquartered here, an office here, or serving the domicile.

Providers for Hawaii

2 companies

Oct 20, 2026How are these providers ranked?

Artex Risk Solutions

Unclaimed
Serves this domicile
No reviews yetartexrisk.com3rd Floor, Wessex House, 45 Reid Street, Hamilton HM 12, Bermuda
  • Risk Consulting
  • Underwriting
  • Enterprise Risk Management
  • Captive Feasibility Studies
  • Actuarial Services
  • Captive Management Services

Artex Risk Solutions is an alternative risk and insurance management business operating under the Arthur J. Gallagher & Co. group. It provides captive feasibility, formation and ongoing management; single-parent, group and cell captive solutions; actuarial and risk advisory services; reinsurance and claims-management support; capital-markets administration; and legacy and run-off solutions.

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Risk Services, LLC

Unclaimed
Serves this domicile
No reviews yetriskservcos.com1605 Main Street, Suite 800, Sarasota, Florida 34236, United States
  • Risk Consulting
  • Captive Feasibility Studies
  • Underwriting
  • Regulatory Compliance
  • Captive Management Services
  • Captive Accounting
  • +1 more

Risk Services, LLC is a full-service captive insurance manager providing formation, licensing, accounting, financial reporting, regulatory compliance, underwriting, policyholder administration, reinsurance intermediary and fronting support services.

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