domicile

Tennessee Captive Insurance: Regulations, Requirements & Providers

US captive domicile with a reduced minimum for protected cell captives.

1 active provider

How are these providers ranked?

At a glance

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

Key characteristics

  • Regulated under the Tennessee Captive Insurance Act (originally 1978, substantially revised in 2011) by the Department of Commerce and Insurance's Captive Insurance Section
  • Licenses pure, association, industrial insured, protected cell, sponsored, branch and special purpose financial captives, plus risk retention groups
  • 146 licensed captives at the end of 2020, up from 68 in 2014, with premium volume topping $1.6 billion
  • Minimum capital and surplus of $250,000 for a pure captive, $500,000 for association, industrial insured and sponsored captives, $1 million for a risk retention group, and $100,000 for a protected cell captive (reduced from $250,000 in 2021)
  • Premium tax with a $5,000 annual minimum and a $100,000 maximum, assessed per cell rather than on the protected cell captive as a whole

Primary sources

Considering Tennessee

Why companies consider Tennessee

  • One of the lowest protected-cell capital minimums among US onshore domiciles, at $100,000 since a 2021 reduction
  • One of the oldest US captive statutes, dating to 1978, substantially modernised in 2011 and again in 2021
  • A capped annual premium tax that limits the total maximum tax burden
  • Central US location convenient for companies with distributed domestic operations

Key considerations

  • The Commissioner may require additional capital and surplus beyond the statutory minimum based on the type and volume of business transacted
  • Personal lines of insurance are prohibited
  • Association captive membership is subject to minimum criteria set by the Commissioner
  • Confirm current fees and thresholds with the Captive Insurance Section or a licensed captive manager

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

Providers for Tennessee

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.

ConnectView profile