Captive Filing Deadline Extended to July 31, 2020

In coordination with the NAIC and other states, Commissioner Clark has issued a Bulletin that provides for filing deadline extensions for most insurance company filings for insurers filing on the NAIC blank.

In tandem with this, we are granting a 60-day extension for all captive audits and SAO (statements of actuarial opinion) for Kentucky domestic captives. To be clear, the June 1 deadline for captive audit filings is moved to July 31, 2020 (Friday).

This action is taken pursuant to the State of Emergency Executive Order 2020-220 and other Executive Orders issued by Governor Beshear in response to the COVID-19 public health crisis, and all other applicable law.

If you have any questions or concerns, please do not hesitate to e-mail or call:

Russell Coy II, Captive Coordinator
Kentucky Department of Insurance
Financial Standards & Examinations Division
Direct Line—(502) 782-5274
Website: http://captive.insurance.ky.gov

KY DOI confirms regulatory filing dates

The due date of the Statutory Annual Statement is still MARCH 1, 20XX regardless of that date falling on a Saturday in 20XX. The DOI requires a hard copy of the annual statement, so it must be postmarked by that date.

The annual audit and actuarial certification filings are due on or before JUNE 1, 20XX for calendar year captives, regardless of that date falling on a Sunday in 20XX. These filings may be submitted electronically, so the filing will be considered on time if received by that date. Please e-mail them to: russell.coy@ky.gov

Also, the captive managers will need to use the usernames and passwords that were assigned to them in Dec. The DOI has instructions on their Ky Annual Filing document that is on The DOI website. The last page of the instructions explain everything.

Most people are now using the e-payment method. However, if not, they need to “opt out” if they are going to pay by an actual paper check and they need to submit it with the check remittance form (they need to submit the form with their payment and it needs to be at the KY DOI by the deadline).

See below:

Kentucky Annual Filing Instructions


ALL licensed and registered companies are required to pay online or to acknowledge payment is being sent online through the eServices link on The DOI’s main webpage. Domestic companies should refer to steps 7-13 below.

  1. Enter the eServices USERNAME and PASSWORD sent to the annual statement contact person in December.
  2. Select Upload Annual Statement Filing Documents.
  3. Click on the company name.
  4. On the next screen, check the boxes next to the files to be uploaded, enter the file name or browse to find the documents. Click the Upload button.
  5. If the company president’s name needs to be updated, please check the box in the President Information section.
  6. Add Par/Market Values and click Submit Filing.
  7. To pay, select the Annual Statement Filing Payment option from the eServices Main Menu.
  8. Check the box under the Select column of the company or companies you are required to pay.
  9. Click the Submit button. Your selected company or companies will appear in a list.
  10. Click the Complete Filing button to process your payment and/or submittal.
    (Please Note: Buttons to remove or add information are also available for corrections or updates as needed. If you need to remove a fee, please check the box associated with the company PRIOR to selecting the Remove and Company Filing buttons.)
  11. Once the Complete Filing button is clicked, the user will be transferred to a Transaction / Order Information screen.
  12. Click Checkout to submit the transaction / complete order so that the method of payment information can be entered. We accept credit cards (Visa, MasterCard, Discover, and American Express) and eCheck payments.
    Please note: If the total amount due is more than $1,500, the eCheck method is the ONLY checkout method available.
  13. Once the payment information is entered, click the Submit Order button. A Transaction Details screen will appear that provides the user with a status of the request. If you are utilizing the eCheck as your payment, an additional status is included indicating that the payment is pending or completed. When the payment is noted as pending, it will be your responsibility to monitor this transaction by utilizing eServices' View Transaction History option to verify that payment's status changes from Pending Verification to Complete. This change will only occur when the payment is electronically received by The DOI.


An additional OPT OUT MAILING button has been added to accommodate any companies that do not have electronic payment capabilities. If the OPT OUT MAILING is selected, a check remittance form will be populated to be printed and included with your payment. Please note, if you choose this OPT OUT MAILING option, you are acknowledging, as of the transaction date, you will be sending the Department payment prior to March 1, 20XX. You are also agreeing that if the payment is not received by our deadline, you are aware and consent to a monetary penalty being applied immediately.

Kentucky Captive - Domicile off to the races!...:

Dwight Rich of the Kentucky Captive Association discusses how the state, as a domicile, is fast becoming a thoroughbred destination for captives.

As a captive domicile, Kentucky wasn't even active only 10 years ago. What a difference a decade makes. Since the formation of its first captive in 2002(a mid-sized group captive of Automobile Dealers addressing their workman's compensation needs),Kentucky has seen exponential growth of in-state domiciled captives at more than 136 captives...

Mr.Shields as Vice President of Captive Operations...:

Monday, November 22, 2010


The Underwriters Group names
Michael Shields, CPA, MBA
VP of Captive Operations

Louisville, KY, November 22, 2010 The Underwriters Group (TUG) today announced that Michael Shields has joined the Captive Management unit of the firm as Vice President of Captive Operations...

Gaining in the Captive Derby:

December 1, 2009

The Bluegrass State racked up 36 new captives in 2008 and another 17 in the first 10 months of 2009. Why is Kentucky so popular a destination in the captive industry?

By CYRIL TUOHY, managing editor of Risk & Insurance®

At the annual meeting of the Captive Insurance Companies Association in Indian Wells, Calif., last March, it was hard to avoid all the gloom about how delays in the hardening of rates in the traditional market were slowing new captive formations.
Kentucky courts Middle America's captives:


US Captive, April 2009
US Captives looks at what is fuelling the impressive growth in the number of captives in the Bluegrass State.

Since establishing its first captive in 2002, the State of Kentucky has come a long way. Kentucky now has 76 licensed captives. Nine joined its market in the first three months of this year, following on from the 31 that were licensed in the state in 2008. Even in the current economic downturn, there are signs of rate hardening, particularly in reinsurance. The state is well positioned for continued growth for three reasons, says Russell Coy II, captive co-ordinator in the Kentucky Department of Insurance...

Kentucky’s captive insurance market grows

Friday, March 13, 2009

Kentucky is among the top eight states in the United States and the top 17 locations in the world for captive insurers, according to the March 2009 issue of Business Insurance.

The commonwealth ranked ninth in the nation and 21st in the world in last year’s rankings.

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