North Carolina Captive Insurance Association

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151 Crest Road
Southern Pines, NC 28387

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NCDOI News

April 13, 2021: Senate Commerce And Industry Committee Took Up Senate Bill 347

On Tuesday afternoon (April 13th) the Senate Commerce and Industry Committee took up Senate Bill 347, our captive insurance amendments bill. Committee Co-Chair Senator Todd Johnson (R-Union), aided by NCDOI’s Debbie Walker, explained the bill to the committee. Senator Johnson highlighted the Premium Tax Holiday which was well received by committee members. After several supportive …

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The North Carolina Captive Domicile Has Had Another Year Of Dramatic Growth

(SOUTHERN PINES)…..North Carolina has had another year of dramatic growth in the number of captives choosing the state as their legal domicile. State Insurance Commissioner Mike Causey announced that the number of risk- bearing captive entities licensed or approved (including conditional licenses and approvals) since inception through year-end 2020 exceeded the 1000 milestone rising to …

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