Once the captive license application is initially approved, there will likely be one or more administrative steps in order to complete the application process and receive a captive license – we will communicate those to you at initial approval. While there may be others, the most common steps for the applicant to complete are to execute a license Conditions Addendum, if any, and to initially fund the captive with at least minimum required capital. Completion of administrative steps is generally expected to occur within 60 days of initial application approval.

Arizona does not release a printed version of the captive license, but instead sends a soft copy to the applicant contact, usually by email attachment. This version is considered the ORIGINAL and should be returned to us if and when it is surrendered for amendment or withdrawal, or for some other reason, usually in the form of a printed copy.

Note: AZ does not license individual protected cells, only the protected cell captive insurer, sometimes referred to as the “Core”.