Before March first of each year, all captive insurance companies, Risk Retention Groups: Domestic and Special Purpose Financial Captives must submit annual reports of their financial condition to the Department.
In some instances, a captive insurance company may make written application to file on a fiscal year end that is consistent with the parent company’s fiscal year. If an alternative reporting date is granted, the annual report is due sixty days after the fiscal year end. Also, in order to provide sufficient detail to support the premium tax return, the pure captive insurance company must file pages 1 through 7 of the "Captive Annual Report" before March 1 yearly for each calendar year end.
Captives
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Risk Retention Groups: Domestic
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Annual Statement
The Annual Statment must be filed on the NAIC blank used by the P&C Companies. Please contact the NAIC directly for this form. www.NAIC.org
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Special Purpose Financial Captives
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SPFC Annual Statement
The SPFC Annual Statement must be filed on the NAIC form. Please contact the NAIC directly for this form. www.NAIC.org
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Approved Actuaries
Approved Certified Public Accountants (CPAs)
Approved Managers
Captive Tax Forms [pdf 59k]
Captive Tax Instructions [pdf 51k]
Jeff Kehler, Captives Manager
Phone: 803-737-6118 - Columbia
Email: jkehler@doi.sc.gov
Leslie Jones, Deputy Director of Actuarial Services
Special Purpose Financial Captives
Phone: 843-579-0527 - Charleston
Email: ljones@doi.sc.gov
Columbia Office Charleston Office
1201 Main Street, Suite 1000 145 King Street, Suite 228
Columbia, South Carolina 29201 Charleston, South Carolina 29401