North Carolina welcomes captive insurer owners and service providers to become a part of the state's outstanding captive insurance program. With its modern North Carolina Captive Insurance Act and dedicated team of captive insurance professionals, North Carolina provides a great home for captive insurers.
Since the inception of the program in 2013, the strong growth of the captive insurance industry has been a result of the program's benefits, which include but are not limited to the low regulatory formation and operational costs; its reasonable and appropriate regulatory approach; and the dedicated captive insurance regulatory team of the North Carolina Department of Insurance (NCDOI), which is comprised of experienced, knowledgeable insurance professionals, including CPAs and in-house actuaries committed to providing outstanding customer service.
To learn more about the benefits of forming a captive insurer in North Carolina, we recommend exploring the NCDOI's website, which includes useful information, including the NCDOI staff's contact information, and other resources regarding the captive insurance program.