Message from DCIA President (4/9/26)
To our valued Delaware Captive Insurance Association members,
One of the most important functions of the DCIA is to interface with the Delaware Department of Insurance to ensure that our members' views and voices are heard. Last summer, the Department proposed to require that all Delaware captive insurance companies report and pay premium taxes through “OptIns”, the electronic system for premium tax return filing and payment for traditional insurers utilized by state insurance departments nationwide. While some captive insurance companies and captive managers had no concerns, others expressed serious reservations. On behalf of our members, we promptly and fully communicated these concerns to the Department. In March of this year, the Department released the attached bulletin (click here to download) indicating that the use of OptIns will be an optional process.
We appreciate your continued membership in the Delaware Captive Insurance Association and are always happy to receive your feedback.
Very truly yours,
Michael W. Teichman
President
Delaware. Where business gets done.
DCIA's mission statement truly reflects the strategic positioning of this organization and the benefits to its members: "To serve as the unified voice of the captive insurance industry in Delaware and to support the development and growth of the industry through marketing, networking, education, and legislative initiatives."
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The Delaware Advantage.
Delaware is one of the fastest growing captive domiciles in the world. When Delaware formed the Bureau of Captive and Financial Insurance Products in 2009, Delaware had only 38 captive insurers. Today Delaware boasts over 550 active captives in various types including risk retention groups, special purpose captives, and sponsored cell captives.
