domicile

Montana Captive Insurance: Regulations, Requirements & Providers

Established US captive domicile with reduced capital for smaller cell programmes.

1 active provider

How are these providers ranked?

At a glance

Jurisdiction
Montana
Domicile type
US onshore captive domicile
Active providers on Bastivo
1

Key characteristics

  • Regulated under Title 33, Chapter 28 of the Montana Code Annotated (enacted 2001) by the Commissioner of Securities and Insurance
  • Licenses pure, industrial insured (including risk retention groups), association, special purpose, protected cell, branch and reinsurance captives
  • 268 licensed captives in 2022, generating $494.4 million in gross written premium
  • Minimum capital and surplus of $250,000 for a pure captive and $500,000 for industrial insured, association or protected cell captives — reducible to $250,000 for smaller, homogenous cell programmes — with reinsurance captives set at half those amounts
  • Capital and surplus may be held as cash or an irrevocable letter of credit from a Montana-chartered or Federal Reserve member bank

Primary sources

Considering Montana

Why companies consider Montana

  • One of the earlier wave of US captive states (legislation passed in 2001), with a correspondingly experienced regulator
  • Reduced capital threshold available for smaller, homogenous protected cell programmes
  • An active, dedicated state captive insurance association
  • The Commissioner has discretion to size capital requirements to a special purpose captive's actual business plan

Key considerations

  • The Commissioner may require additional capital and surplus beyond the statutory minimum based on the type and volume of business written
  • A reciprocal insurer structure carries a separate $1 million minimum capital and surplus requirement
  • A branch captive must jointly hold its minimum capital with the Commissioner in an approved bank
  • Confirm current fees and thresholds with the Commissioner's office or a licensed captive manager

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

Providers for Montana

1 company

Oct 20, 2026How are these providers ranked?

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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