North Carolina Captive Insurance Association

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151 Crest Road
Southern Pines, NC 28387

NCDOI News

Governor Cooper Signs SB 347, Now Session Law 2022-7​

Governor Cooper Signs SB 347, Now Session Law 2022-7​ Governor Roy Cooper (D)  signed SB 347, The Captive Practice Act Amendments Bill into law on June 14, 2022. The legislation has now become Session Law 2022-7. If you would like to read the new statute (click here). North Carolina’s elected Commissioner of Insurance Mike Causey …

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SB 347 PASSES HOUSE

(Southern Pines)…… On Thursday afternoon May 2, the North Carolina House of Representatives joined the State Senate to pass SB 347, Amendments to the Captive Insurance Act. The House action now sends the bill to Governor Roy Cooper (D) for signature. The Governor’s Office has indicated to NCCIA the Governor will likely sign the legislation …

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Limited Sponsorships Available

The NCCIA announced today that there are only a limited number of sponsorship and exhibitor opportunities left for it’s Annual Conference May, 1-4 in Durham. Last year the Conference had it’s largest number of attendees ever with more than 220+ attendees from  across the United States present. Susan Euteneuer, Conference Planning Committee Chair told us …

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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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