The Program
Captive insurance companies, which are owned by the entities that they insure, are usually formed by businesses that wish to better manage the cost and administration of their insurance coverage.

In 2005, the Delaware General Assembly, at the urging of Commissioner Denn and representatives of the Delaware financial services and legal communities, passed House Bill 218, modernizing Delaware law regarding the formation of captives and positioning Delaware to become a home to the growing number of captive insurance companies being created by companies worldwide.

Delaware Captive Insurance Law

Delaware Captive Insurance Regulations