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“Insurance Commissioner Wayne Goodwin today announced that the North Carolina captive insurance company program continues to have a positive economic impact on the state following its second full year of operation.A study conducted by the North Carolina Department of Insurance found the impact from the program was approximately $15.3 million in 2015, an increase of $12.8 million over 2014. The benefits include premium taxes paid to the state of North Carolina by captive insurers licensed in the state and service provider and hospitality revenues generated by North Carolina businesses that provide services to the captive insurance company industry.In addition to the economic benefits of $15.3 million, the program creates jobs. Approximately 50 jobs in North Carolina are attributed to the program.” Click here for story.
NC Department of Insurance
NCCIA Code of Ethics