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micro-captive

A micro-captive is a small captive operating with annual written premium that qualifies it, in the United States, to be taxed under Internal Revenue Code § 831(b) or 501(c)(15), which provides that a captive qualifying to be taxed as a US insurance company and meeting all requirements of § 831(b) or 501(c)(15) may pay tax only on investment income.

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micro-captive

A micro-captive is a small captive operating with annual written premium that qualifies it, in the United States, to be taxed under Internal Revenue Code § 831(b) or 501(c)(15), which provides that a captive qualifying to be taxed as a US insurance company and meeting all requirements of § 831(b) or 501(c)(15) may pay tax only on investment income.