domicile manager
In a captive insurance company, the person whose role it is to
keep the books, pay bills, record and maintain excess and reinsurance
contracts, and interface with regulators. The exigency of today's
financial and regulatory worlds compels the manager to perform more
services, at a higher level of professionalism, than was expected
10 years ago. In most domiciles, the regulators require, or at least
strongly encourage if the legislation does not mandate, that captive
owners retain a professional management firm to keep the records
and actually manage the captive.