{"data":{"id":"us-gu/22-gca-23104","jurisdiction":"us-gu","citation":"22 GCA § 23104","heading":"Minimum Capital.","body":"No pure captive insurance company, group captive insurance company incorporated as a stock insurer or industrial insured captive insurance company incorporated as a stock insurer, a rent-a-captive or a protected cell captive insurance company shall be issued a license unless it shall possess and thereafter maintain unimpaired paid-in capital of:\n(1) in the case of a pure captive insurance company, not less than Fifty Thousand Dollars ($50,000.00);\n(2) in the case of a group captive insurance company incorporated as a stock insurer, not less than One Hundred Thousand Dollars ($100,000.00);\n(3) in the case of an industrial insured captive insurance company incorporated as a stock insurer not less than One Hundred Fifty Thousand Dollars ($150,000.00); and\n(4) in the case of a rent-a-captive or a protected cell captive, not less than One Hundred Fifty Thousand Dollars ($150,000.00) for the first client or cell, increasing by One Hundred Fifty Thousand Dollars ($150,000.00) for each additional client or cell up to a maximum of Seven Hundred Fifty Thousand Dollars ($750,000.00).\nSuch capital may be in the form of cash deposited in a member bank of the Federal Reserve System licensed to do business in Guam and approved by the Commissioner.","path":["Title 22: Business Regulation","Division 2 - Insurance Law","Chapter 23: Captive Insurance Companies"],"source_url":"https://col.guamcourts.gov/sites/default/files/22gc023.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T04:18:29Z","sha256":"9df79e4fef568d1664b77f8de069b23cf25d69c7aaf3c2ded84b50fdc6b9a156","source_id":"us-gu","stale":false,"prev":"us-gu/22-gca-23103","next":"us-gu/22-gca-23105"},"notice":"GroundRules: Original legal text. Not legal advice."}