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Hawaii Captive Insurance

Establishment as a captive domicile in 1987, the State of Hawaii has become the leading captive insurance domicile in the Pacific Rim. This can be measured in terms of the number of captives managed, the supporting infrastructure available and the premium underwritten.

Hawaii offers all of the amenities expected of a major US city, including excellent conference facilities, high-tech communications, efficient transportation and competitive professional services. There are also unique features about our domicile that set us apart from the competition.

In Hawaii, long-term relationships are easily established as staff turnover is minimal, and there is a well qualified work force to recruit from. In fact, the longevity of staff in Hawaii often exceeds that of personnel at the captive's parent organization. This stability ensures continuity and allows service personnel to become experts in their field and, ultimately, provides a strong platform from which innovative programs can be developed.

Regulators evaluate each captive insurance application on its own merits. This flexibility allows Hawaii to be responsive to the individual needs of each captive formed and ensures that program structure, and pricing are tailored to meet individual needs. Regulators on Hawaii believe in assisting clients by working toward solid business solutions to their business needs.

The Hawaii Captive Insurance Council, which represents captive owners and service providers, has developed programs to ensure that new products and changes in the captive world are communicated to all parties in a timely and informative fashion.

It is important that the domicile of choice have a good reputation for transparency of legal and taxation issues so that there can be no question of tax avoidance or corporate misgovernance. Hawaii is one of the most respected captive locations as the reporting and regulatory requirements for companies based here are well established and internationally recognized.

Hawaii is the only domicile that specifically allows the formation of not-for-profit captives This can bring tax efficient benefits to many healthcare and educational institutions.