About the FSM CIC

The FSM Captive Insurance Council was formed in 2009 by companies with a vested interest in the growth and development of the Federated State of Micronesia (FSM) as a viable captive insurance domicile.  With over twenty Japanese-owned captive insurance companies either licensed or approved to be licensed, the FSM has become the preeminent captive insurance domicile for Japan-based companies. 

The Congress of the Federated States of Micronesia enacted legislature in 2006 that allowed for the creation and operation of captive insurance companies in this country.  The FSM captive insurance domicile was designed to appeal to Japan-based corporations through statutes that offer favorable tax rates and flexibility in selecting reporting currency, accounting standards and service providers.

For more information regarding statutes and regulations, please visit:


Directors of FSM Captive Insurance Council: