History of Captive Insurance in North Carolina

NC Governor Pat McCrory in a Capitol Building signing ceremony, signed HB  473, The NC Captive Insurance Act into law on Wednesday, June 19, 2013.  North Carolina becomes  the latest state to become a domicile  for captive insurance company. The NC law which has been described as “state of the art” has been designed to encourage new  captive companies to domicile here and make it attractive for existing captive companies to re domicile in the state. Technical Amendments to the act were adopted in 2014 and 2015.

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