South Dakota captive domicile overview
2025-10-31
Emerging domicile known for trust-friendly law and low-cost supervision; suits trust-structured captives.
| Active captives | About 19 captives (2022, NAIC) |
| Premium volume | Approx. US$26.55 million (2022, NAIC) |
| Minimum capital | US$250,000 (US$100,000 for trust captives) |
| Annual licence fee | Annual supervision fee: greater of US$5,000 or 0.08% of premium, capped at US$50,000 |
| Tax treatment | No premium tax; annual supervision fee instead |
| Regulator | South Dakota Division of Insurance, Department of Labor and Regulation |
Data updated October 2026, compiled from regulator statistics and industry sources (Captive Review, Business Insurance, etc.). Figures refer to the most recent available year; please refer to regulator disclosures for the latest data.