Captive insurance companies offer valuable risk management and tax planning opportunities and have been used for many years by large organizations. Now mid-sized organizations and high net worth individuals are increasingly turning to captive insurance solutions. Since 2005 when Delaware substantially improved its captive insurance laws, Delaware has seen a dramatic increase in captive insurance company structures. The Stewart Law Firm was on the drafting committee for the 2005 legislation and interfaces with the Delaware regulators in approving captive insurance company applications.
The Stewart Law Firm understands the intricacies of captive insurance regulatory and operational requirements. The firm is well equipped to assist clients with all aspects of implementation and operations, entity formation, licensing, ongoing compliance with statutory and regulatory standards, and the proper maintenance of books and records.