The State of New Jersey
NJ Department of Banking and Insurance

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Captive Corner

New Jersey’s Captive Law provides significant new opportunities for businesses to better manage their own risk by insuring themselves instead of seeking insurance in the commercial market.

New Jersey is open to the formation of new captives as well as the redomestication of existing captives.  We promise a robust, efficient admissions process that is transparent and flexible.

Why Form a Captive?

Captives allow businesses to gain greater control of the organization’s ability to identify, manage and finance insurable risks.  The potential advantages include: paying lower premiums, tailoring coverage to their specific needs, direct access to reinsurers and greater control in risk management and claim activities.


New Jersey Advantages
  Check mark Accessibility
  Check mark Comparable tax rate
  Check mark Convenience
  Check mark Serving the NJ Corporate Community


For more information, contact:
William P. White
Assistant Commissioner, Office of Captive Insurance
New Jersey Department of Banking and Insurance
Telephone: 609-292-0844, ext. 50028 E-mail:



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New Jersey Department of Banking and Insurance