Fees & Rates

South Carolina Captive Fees

  Captives SPFCs
Application Fee $200 $12,000
Processing Fee $0 $200

Licensing Fee

$300 year one, $500 renewal

$300 year one, $500 renewal
Review Fee $4,000 $2,400 annually

Please send payment to: South Carolina Department of Insurance 1201 Main St., Suite 1000, Columbia, SC 29201

South Carolina Captive Premium Tax Rates

Premium Captives (direct/assumed) SPFCs
$0 - $20,000,000 0.4% / 0.225% 0.225%

Next $20,000,000

0.3% / 0.150%

0.150%

Next $20,000,000

$100,000 / 0.050%

0.050%

Next $20,000,000+

$100,000 / 0.025%

0.025%

(Tax rates based on gross premium written. $100,000 maximum tax, $5,000 minimum tax)

*Premium taxes are due by March 1st and can be paid by visiting the South Carolina Department of Insurance Taxation page.