The Utah Captive Insurance Division is now accepting online applications from prospective captive owners.
The new captive insurer application process will provide access to a simple, secure environment where applicants can digitally submit applications for new insurance companies.
Dave Snowball, captive insurance director for Utah, commented: “Our new captive insurer application gives applicants step-by-step directions to the required online forms, which makes the process quick and easy. The new application also lets you upload 'non-fillable' forms to our highly secure server, which encrypts the file upon upload.”
As the process is new, it will not be compulsory until 1 April 2016, although the Utah Captive Insurance Division is encouraging applicants to use it during the testing period so the transition is smooth.
Snowball added: "Utah's Captive Insurance Division is committed to being an aggressive captive insurance domicile that looks for strategies to be convenient and simple in the ways it works with owners and providers.”
"Utah will continue to look for ways to improve systems and procedures to provide the best service possible.”
