Montera’s Standard 831(b) Captive Management Services Include:

Captive Formation

  • Comprehensive analysis with your tax and professional financial advisors
  • Risk evaluation of your operating business(es)
  • Availability check and reservation of corporate name with domicile
  • Assistance with preparation of insurance license application
  • Collection and review of due diligence items
  • Submission of application to jurisdiction insurance manager
  • Coordination and communication with domicile authorities throughout application process
  • Selection of domicile insurance manager, registered office, and registered agent
  • Selection of insurance, audit and actuarial consultants as required for licensing
  • Preparation of Business Plan, including pro forma financial statements
  • Preparation of Articles of Incorporation and corporate Bylaws
  • Obtain Federal Employer Identification Number
  • Consultation and standard documentation for the initial capitalization of your insurance company
  • Assistance with opening bank and/or broker accounts
  • Preparation of corporate record book
  • Preparation and filing of Form 953(d) Foreign Insurance Company Election, and interface with Internal Revenue Service to ensure Election approval

Captive Management

  • Accounting services for your insurance company including preparation of quarterly financial statements
  • Underwriting services for your insurance company including preparation and issuance of insurance policies, policy pricing, and any claims administration
  • Preparation and filing of the insurance company’s annual U.S. income tax return
  • Obtaining third party insurance (if necessary)
  • Management of your insurance company’s participation in a risk distribution pool including underwriting, reinsurance agreements, cession statements, claims administration, etc.
  • Long-term maintenance of captive insurance companies, including annual review with client regarding insurance policies and premiums as well as changes in risk needs of the operating company
  • Act as liaison between the insurance company and the client’s professional tax and financial advisors
  • Act as liaison between the insurance company and its auditor
  • Ensure compliance by the insurance company with the domicile’s Insurance Act, Regulations and Guidance Notes, and the AML Regulations
  • Act as liaison between the company and the domicile authorities regarding issues of solvency, business reorganization, investment diversification, shareholder and other related party loans, and other compliance matters
  • Manage IRS compliance issues and prepare responses to first level Information & Documents Requests
  • Prepare Annual Corporate Minutes and maintain Corporate Record Book

“Your business has uninsured risk. You owe it to yourself to examine the advantages of addressing that risk through your own insurance company!”


Industries for 831(b) Captives:

  • Automotive

  • Agricultural

  • Construction

  • Distribution Services

  • Energy Technologies

  • Franchising

  • Food and Beverage

  • Healthcare

  • Hospitality

  • Manufacturing

  • Medical and Dental Professionals

  • Printing

  • Professional Athletes

  • Real Estate Development

  • Retail

  • Service and Installation

  • Transportation

  • Technology

“We know your needs are unique and we’re going to give you the personalized service you want, need and deserve…”