Home Domiciles South Carolina Captive Domicile

South Carolina Department of Insurance

The South Carolina Department of Insurance (SCDOI) has a dedicated Captive Division of extremely talented professionals focused solely on captives. In the 20 years since the inception of our captive program, we have gained deep experience with captives of all kinds and sizes representing a diverse mix of industries and exposures. Their parent organizations range from small-to-midsized privately held firms, to hospital and medical practice groups, to some of the world's biggest and most successful multinationals. The risk management and risk financing programs of these companies are among the most sophisticated and successful anywhere and make full use of the versatility and flexibility their captives offer.

Our team strives to be professional, responsive, and pragmatic, but what really sets us apart is our business-minded focus on execution and results. With South Carolina as your captive domicile, you can be assured of an impeccable reputation, exceptional service, plus unmatched understanding of the business of risk.

As a South Carolina state regulatory agency, SCDOI oversees regulatory compliance and captive licensing and regulation. SCDOI has experience and expertise in the following types of alternative risk transfer programs.

• Single-Parent Captives
• Group Captives
• Risk Retention Groups
• Segregated Cell-Sponsored Captives
• Branch Captives
• Producer-Owned Captives
• Not-for-Profit Captives
• Special Purpose Captives

Find out more by visiting the South Carolina Department of Insurance—Captive Division website.

Company Contacts

Mailing Address:
1201 Main Street, Suite 1000
Columbia, SC 29201

Virtual Contact:
Website: South Carolina Department of Insurance Captive Division

Captive Domicile Summary

Since passing its captive insurance law in 2000, the South Carolina captive domicile has enjoyed steady growth.

At the end of 2020, South Carolina had 175 captives, a nearly 50 percent increase since 2013 when the state had just 118 captives.

Captive managers and others say a key driver fueling that growth has been a highly talented regulatory staff.

Regulators are highly accessible "and are always willing to reach out, answer questions, and work towards informed solutions," said Mike Coulter, deputy managing director in the Charleston office of Aon Captive & Insurance Management.

Regulators say accessibility is a key part of their jobs. "We want to be accessible and easy to work with because our captive owners have made a major investment in our state. We want them to maximize the benefit of their captive company within the bounds of reasonable regulation," said Jeff Kehler, formerly captive program administrator with the South Carolina Department of Insurance and now director of captive consulting services at Somers Risk Consulting in Charleston.