When submitting an application for a captive insurance company to be licensed in St. Kitts, the following documentation should be submitted:
| Type of Captive Insurance Company | Application fee (non-refundable) | Licence Fee |
| Small Captive Insurance Company | US$ 200.00/EC$ 540.00 | US$ 800.00/EC$ 2,160.00 |
| Captive Insurance Company, other than a Small Captive Insurance Company | US$ 600.00/EC$ 1,620.00 | US$ 3,000.00/EC$ 8,100.00 |
- The names of Two (2) directors or managers;
- A certified copy of the captive insurance company’s organizational documents, a statement under oath of its president and secretary, or, if none, its directors or managers, showing its financial condition;
- A description of the captive insurance company’s three-year business plan including coverages, deductibles and coverage limits, together with such additional information as the Registrar may reasonably require to enable him to assess and approve the business plan;
- Due diligence information on all beneficial owners, directors and major shareholders of the company (notarized copy of identification, reference letters and copy of an utility bill);
- Evidence of the following:
- The amount and liquidity of its assets relative to the risks to be assumed;
- The adequacy of the expertise, experience and character of the person or persons who will manage it;
- The overall soundness of its plan of operation;
- Adequacy of the loss prevention programs of its insureds;
- Minimum unimpaired capital and surplus
- Pure captive insurance company – EC$ 607,000.00
- Association captive insurance company – EC$ 810,000.00
- Group captive insurance company – EC$ 1,080,000.00
- Small pure captive insurance company – EC$ 54,000.00
- Small association captive insurance company – EC$ 67,000.00
- Small group captive insurance company – EC$ 81,000.00
- Such other information and any other statements or documents required by the Registrar.
