Miller Simons O'Sullivan Attorneys at law are actively involved in all aspects of the insurance and captive insurance fields and have assisted a substantial number of clients in the processing, licensing and subsequent regulation of their captives.Over the past deacade the Turks and Caicos Islands have become the worlds leading jurisdiction for a particular niche of captive insurance companies known as "credit life" reinsurance companies.
Due to the fact that there are no annual insurance license fees applicable on credit life insurance companies, the Turks and Caicos Islands have become the leading centre for the domicile of these companies.
Miller Simons O'Sullivan has been instrumental in the licensing of a large number of such companies and is fully cognizant of the licensing requirements for such companies. The firm has assisted a significant number of credit life insurance companies in redomiciling to the Turks and Caicos Islands from elsewhere, to take advantage of the low government annual filing charges and the facility of being in a flexible but regulated jurisdiction.
