north carolina captive changes News

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 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 …