Frequently Asked Questions
What are the advantages for a Georgia professional or industrial association in forming a captive insurance company?
- Increase association awareness and membership
- Expand association advertising into insurance markets
- Enhance association brand awareness
- Strengthen association loyalty
- Increase association services financed through insurance programs
- Promote association through insurance benefits
- Tailor insurance programs specifically to needs of association members
- Membership is afforded active role in insurance management
- Provide royalty and revenue sources to the association
- Return surplus to association membership
- Reduce effect of insurance market cycles for association members
- Foster mutual goals of association members
- Afford association members a financial stake in their insurance carrier
What is the minimum required capitalization for a single parent, association, or industrial captive?
$500,000 is the minimum required capital to form a Georgia captive.
