Depending upon how organized you and your service provider are, the application process can be completed within 2 weeks for a small captive insurance company. If an actuarial report is required as part of the application, this could delay the process if you are not super organized, as could estate plan integration unless all estate plan entities and documentation is completed, executed and in order.
The application process generally follows the
feasibility and underwriting analysis step. The entire process from initiating a feasibility study to submitting the formal captive application with a domicile can be well documented and completed within 3 weeks without any surprises. This of course is entirely dependent upon the team you select to work with and how organized and committed you are.
