This phase basically consists of forming the captive and obtaining a certificate of authority for it to transact business as an insurance company. Services provided by Fenix during this phase include: 

  • Consultation regarding suitable organizational structure
  • Preparation of organizational documents for captive
  • Obtaining EIN and preparing and filing other documentation related to the tax status of captive
  • Preparing application for the captive to obtain a certificate of authority, including initial drafts of legal documentation to be utilized by captive during its first year of operation among other items
  • Submitting a bound application to regulators of domicile (and providing you with a copy)
  • Consult and provide other assistance necessary for the captive to establish financial accounts for transacting business
  • Correspond and work with regulators and professional service providers as necessary to form the captive