domicile
Utah regulates captives through the Captive Insurance Division of the Utah Insurance Department, under the Captive Insurance Companies Act in Title 31A, Chapter 37 of the Utah Code. Captives there must use service providers the Department has approved.
US state domicile; captives are licensed by the Utah Insurance Department under the Captive Insurance Companies Act.
6 active providers
How are these providers ranked?Utah's captive regime is the Captive Insurance Companies Act (Title 31A, Chapter 37 of the Utah Code), administered by the Captive Insurance Division of the Utah Insurance Department and supplemented by administrative rule R590-238.
The Act defines pure, association, industrial insured, agency, branch, pooling, sponsored, special purpose and special purpose financial captives. Cells are not captive types in their own right. Under the Act, a sponsored captive keeps a separate account for each participant, either as a protected cell, which is not organized as an entity, or as an incorporated cell, which is organized as a corporation, LLC or nonprofit. Which type applies depends on who owns the captive, whose risks it insures and how coverage is written, so match the proposal to the statutory definitions before relying on any rule.
The Department states that Utah captives may use only service providers it has approved. It reviews and approves captive management firms, actuaries and independent CPAs, and publishes a directory of approved firms, both Utah-based and out-of-state. Check that each firm proposed for your captive appears on that list.
Licensing starts with an application prepared with an approved manager, typically supported by a feasibility study. After licensing, captives renew annually and file reports with the Department. Rule R590-238 sets annual reporting and audit requirements, including designation of an independent CPA, and addresses service providers, directors and managers, and conflicts of interest. Approved providers prepare the feasibility studies, actuarial opinions, audit reports and annual financial statements the Department reviews.
Last reviewed
Each card shows how that provider relates to Utah — headquartered here, an office here, or serving the domicile.
Aon Insurance Managers (USA) Inc. is a U.S. captive management entity operating within Aon’s Captive & Insurance Management practice. Its captive services include management, captive and risk-finance strategy support, actuarial services, underwriting and claims support, accounting and treasury support, and risk management, compliance and governance support.
GPW and Associates, Inc. provides captive and reinsurance management, captive consulting, accounting, tax compliance and regulatory management. Its wholly owned subsidiary, GPW Actuarial Services, Inc., provides actuarial pricing, reserving, benchmarking and product-development services.
Independent, employee-owned property and casualty actuarial and management consulting firm providing actuarial, risk financing, enterprise risk management, predictive analytics, reinsurance, regulatory, and alternative market consulting services.
Marsh Captive Solutions provides captive consulting, actuarial, formation, management, technology, benchmarking, cell-facility and optimization services across the captive lifecycle.
Arizona-based captive manager and insurance broker providing captive management, alternative risk financing, self-insured program support, and specialized sports, recreation, swimming, and event insurance.
Aprio, LLP is a licensed independent CPA firm operating under the Aprio brand and providing audit and attest services. Its insurance practice serves captive insurance companies, risk retention groups, property and casualty insurers, life and annuity carriers, reinsurers, captive managers, program administrators, MGAs and other insurance organizations. Captive-specific work includes audits under GAAP, IFRS and statutory accounting requirements.