The North Carolina Department of Insurance Captive Insurance Program continued its steady growth in 2019, according to a statement from NCDOI. As of Dec. 31, 2019, NCDOI had licensed (including provisional) 318 captive insurers and approved (including conditional) 592 cells …
The North Carolina captive insurance program, established in 2013, had an estimated $30 million impact on the state in 2017, according to a statement from the North Carolina Insurance Department. The $30 million estimate comes from a recently completed study …
North Carolina’s captive insurance company program, now in its fifth year of operation, has established itself as a leading domicile for captive insurance companies, according to a statement from North Carolina Insurance Commissioner Mike Causey. The North Carolina Captive Insurance …
North Carolina has made several changes encompassing fraud, captives and flood insurance regulations to its state insurance laws. New legislation, House Bill 287, was approved June 30 by state lawmakers and signed into law July 6 by Gov. Pat McCrory. …
The economic impact of North Carolina’s captive insurance company program increased significantly in its second full year of operation, according to a study conducted by the North Carolina Department of Insurance. North Carolina Insurance Commissioner Wayne Goodwin reported the results …
North Carolina’s captive insurance program continues to exceed expectations as the program begins its third full year of operation, according to North Carolina Insurance Commissioner Wayne Goodwin. The North Carolina Department of Insurance became authorized to license captive insurance companies …
Amendments proposed to the North Carolina Captive Insurance Act by the North Carolina Department of Insurance were met with unanimous support from the N.C. General Assembly and signed into law on June 19, 2015. Some of the amendments include: Clarifying …
The first full year of North Carolina’s captive insurance program has “exceeded expectations,” according to a statement from North Carolina Insurance Commissioner Wayne Goodwin. While he’s pleased with the progress, Goodwin nevertheless plans to recommend changes to the law in …
North Carolina Insurance Commissioner Wayne Goodwin said North Carolina is now an even more attractive home for captive insurance companies with the enactment of a law allowing new captive types and providing some regulatory flexibility. Changes to the N.C. Captive …
