Key Captive Formation Steps

• Retain consultant
• Have Feasibility Study performed
• Develop Business Plan
• Meet with regulatory representative
• Appoint officers and directors
• Reserve name of captive
• Select service providers, e.g. legal, actuarial, auditor (CPA), bank, claims, risk management
• Draft organizational documents, e.g. articles of incorporation and bylaws
• Hold organizational meeting
• Finalize and submit Captive Application to selected domicile
• Certificate of Authority issued
• Establish bank account and capitalize captive
• Commence writing business