Captive insurance FAQ
Short answers to the questions buyers ask first about captives and about how Bastivo works. For more depth, read what a captive insurance company is, how a captive feasibility study works, or what a captive domicile means.
All questions
Usually. Some domiciles build an approved captive manager into the licensing process — Vermont's formation steps, for example, begin with engaging one — and even where it is not required, owners commonly outsource day-to-day management because it calls for regulatory, accounting and local expertise. The manager typically handles regulatory filings, accounting, board support and coordination with the actuary and auditor. Rules on self-management differ by domicile.
No. Payment and commercial relationships have no effect on a provider's organic ranking. Organic ranking is calculated from structured data held on the platform, including verification status, profile completeness, published reviews and how closely the provider's recorded experience matches the listing. Bastivo currently offers no paid placement; if sponsored placement is ever introduced, it will be labeled and kept separate from organic results. The ranking methodology explains how ranking works.
It depends on the domicile, the structure and how complete the application is. Formation usually follows a feasibility study, then a business plan and license application reviewed by the domicile's regulator. Arrangements that need a fronting insurer or reinsurance can take longer, because those parties carry out their own due diligence and set collateral terms. Your captive manager and the domicile regulator can tell you what current timelines look like.
It depends on the domicile, the type of captive and the risks it writes. Domiciles set minimum capital and surplus requirements in law, and they differ by captive type; Vermont, for example, sets minimums by class and lets the commissioner require more. In practice the amount is often driven by the actuarial analysis of the risk being retained and the regulator's review of the business plan, and it can be well above the statutory minimum.