North Carolina is open for business as a domicile for captive insurance companies. The North Carolina Captive Insurance Act, signed into law in June, is now in effect, allowing for the formation of captive insurance companies in the state. More than 30 other states have captive laws.
“Entering the captive insurance market will provide economic opportunities for North Carolina and help accommodate the needs of businesses in our state,” said Insurance Commissioner Wayne Goodwin. “We have a state-of-the-art captive law, and the Department of Insurance is committed to making North Carolina an attractive new home for captives.”
Topics North Carolina
Was this article valuable?
Here are more articles you may enjoy.
State High Court Weighs in on Woman Taken for Organ Donation But Was Still Alive 
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market 
Palm Beach Billionaires Feud Over Who’s Really Protecting the Everglades 
Florida Needs More – Much More – Wind Mitigation, Say Experts at OIR Summit From This Issue
