Regulatory environment: Flexible captive insurance legislation No specific solvency ratios No policy form or rate requirements Easy access to reinsurance markets Considerable latitude in the scope of allowable investments Reasonable capitalization requirements: Cdn $200,000 minimum share equity Availability of high quality professional services Quick and efficient procedures for organizing and activating the captive Taxation No federal excise tax FAPI rules not applicable Deductibility of loss reserves No "mind and management" question Lower operating costs relative to other domiciles Compatibility of local language, currency and customs Economic, political and social stability Time zone convenience for Pacific Rim and North America
Regulatory environment:
Reasonable capitalization requirements:
Quick and efficient procedures for organizing and activating the captive
Taxation
Compatibility of local language, currency and customs
Economic, political and social stability
Time zone convenience for Pacific Rim and North America
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