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Insurance Commissioner Wayne Goodwin is pleased to report that North Carolina’s captive insurance program continues to exceed expectations as the program begins its third full year of operation. The North Carolina Department of Insurance became authorized to license captive insurance companies in October of 2013 after the passage of the North Carolina Captive Insurance Act, and the program has grown significantly since that time. Since its inception, the captive insurance company industry has favorably impacted North Carolina’s economy by creating jobs and generating premium taxes and business revenues. “From the start, we have been committed to growing and continually improving the captive insurance program in North Carolina,” said Goodwin. “I am proud that, in such a short time, we have become one of the fastest growing states for captive insurance in the country.” Click here for story.
NC Department of Insurance
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