DC Captive Domicile Information The Captive Insurance Company Act of 2004 provides significant new opportunities for large organizations to insure themselves instead of seeking insurance on the commercial market.  A captive insurance company, or captive, is an insurance company owned by members of a common industry or trade association in order to share the risks of that industry among its members.    Why form a captive? Captives allow associations, organizations and groups to take financial control and manage risks by underwriting their own insurance rather than paying premiums to third-party insurers. The potential advantages of such self-insurance include lower costs, protection better tailored to the organization's needs, more control over risks, and tighter control over financial resources. Captive and Domestic RRG Tax Return* 2004 Annual Reporting Requirements* 2004 Tax Form Notice* Certification Fees* Renewal Form* DC Captive Domicile Profile Forming a Captive in the District of Columbia Application for Admission (Form CAP0102)* Business Plan Summary (Form CAP0202)* Biographical Affidavit (Form CAP0302)* Application for Approval as a Captive Manager (Form CAP0402)* Sample Letter of Credit Form* 2004 DC Captive Reporting Blank Form Captive Act 2004* Individual Certified Public Accountant Application* The Act became effective on an emergency basis in November, 2004 and the permanent Act became effective on March 17, 2005 * This document is presented in Portable Document Format (PDF) and a PDF reader is required for viewing. Download a PDF reader or learn more about PDFs.