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domicile manager

In a captive insurance company, the domicile manager is the person whose role it is to keep the books, pay bills, record and maintain excess and reinsurance contracts, and interface with regulators.

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Additional Information

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 in the past. 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.

Related Terms

A captive management company is a firm specializing in accounting and other services for captive...