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  • Notice 2016-66
  • Letter to Mr. John Glover, Internal Revenue Service
  • “Below follows the text of the NCCIA Coalition Letter to the IRS regarding needed clarification of the PATH legislation.” Click here for letter
  • “Long awaited amendments to the NC Captive Insurance Act proposed by NCCIA and Insurance Commissioner Wayne Goodwin were signed into law Friday, June 30. (Click Here for Story)
  • “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.
  • NCCIA Chairman Jesse Coyle expresses pleasure at what he called “special” growth in the captive industry in NC during 2015.” Click here for story
  • NCCIA Press Release Post Conference 2015 click here
  • According to Lane Brown, NCCIA VP for Government Affairs, NC Governor Pat McCrory has signed H.B. 163 the Captive Insurance Act Technical Amendments bill.Brown said that the Governor signed the bill on Friday and the amendments became effective with his signature. The NCCIA has been supportive of the legislation that was introduced at the request of the NC Department of Insurance. For particulars of the bill see today’s press release from NCDOI by clicking here.“The NC General Assembly, Commissioner Goodwin and Governor McCrory are to be commended for their commitment to making North Carolina one of the premier domestic domiciles for captive insurance.” Brown concluded.
  • In a bold move the NCCIA Board of Directors has established a Code of Ethics for the captive industry in North Carolina. In a press release association Chairman, Martin Eveleigh encourages other domiciles to take a similar action.

Click here for story.

Click here to read NCCIA Code of Ethics.

 

  • CAPTIVE BILL CLEARS FIRST HURDLE. Lane Brown, NCCIA Vice President for Government Affairs said “I am pleased to relate that H.B. 163 has cleared the House of Representatives with no opposition.” The bill was previously given approval by the House Insurance Committee. Primary co sponsors for the legislation are Reps Paul Tine (I) Dare, Linda Johnson (R) Cabarrus and Jeff Collins (R) Franklin. The bill is now in the Senate where it awaits a hearing in the Rules Committee chaired by Sen Tom Apodaca (R) Henderson. The Senator supports the bill. Brown continued ” while the bill is now half way home the association should remain active in pushing it through the process in the Senate.
  • NC Insurance Commissioner Wayne Goodwin announced that as of year end the state has over 50 captives that have chosen North Carolina as their captive domicile. “When captive insurance companies form in or relocate to North Carolina, they create jobs, generate premium tax revenue and bring business to the hospitality industry in our state,” said Goodwin. “I am proud of our progress toward becoming a leading captive domicile and look forward to what I’m confident will be another successful year. Click here for news release.
  • NCCIA Announces 2015 Board of Elections results, click here.
  • The 2nd Annual NCCIA Conference will be held August 24-26 at the Ballantyne Hotel and Resort in Charlotte. There will be enhancements to both the program and social activities according to Thomas Adams, NCCIA President and CEO. Click here for story.
  • See highlights from the recent NCCIA 1st Annual Conference attended by over 100 captive insurance industry leaders. CEO Thomas Adams said ,”A review of comments concerning the conference was overwhelmingly excellent.” Continuing “An outstanding group of Speakers created positive buzz about the future of the captive industry in NC.” For snapshots of the conference, click here
  • NC Insurance Commissioner Wayne Goodwin was enthusiastic regarding North Carolina’s entry as a captive domicile during his remarks at the recent NCCIA Annual Conference saying “Captive insurance is a win-win. It provides businesses with new opportunities, and it benefits North Carolina’s economy through creating jobs, generating tax revenue and boosting tourism and hospitality services.” click here for full statement
  • Commissioner Goodwin announces 1st captive insurance company approvals click here
  • NCCIA President & CEO Adams comments on Commissioner Goodwin’s announcement click here
  • HB 473 signed by NC Governor Pat McCrory (click here)
  • Jonathan Reich elected to NCCIA Board of Directors. Click here for Jonathan’s bio
  • Commissioner Goodwin has commented on draft proposals developed by NAIC that NCCIA Chairman Alex Webb has categorized “anti business for the Tar Heel; State and all US domiciles. Click here for Commissioners statement

Press Releases

  • May 2015 – In a bold move the NCCIA Board of Directors has established a Code of Ethics for the captive industry in North Carolina. In a press release association Chairman, Martin Eveleigh encourages other domiciles to take a similar action.” Click here for storyClick here for Code of Ethics.
News & Events

The NCCIA Annual Conference kicks off at Charlotte’s Ballantyne Hotel & Lodge on Monday, August 21-23, 2017. The formal registration period is now open. Click here for the Agenda, Registration materials and hotel information.

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The NCCIA Board of Directors has elected Jeremy Colombik as Chairman for 2017 succeeding Jesse Coyle. Colombik is President of Management Services International and is based in Raleigh. Click here for full story.

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“NCCIA joined a coalition of 16 State Captive Insurance Associations and the Self Insurance Institute of America to comment to the IRS requesting clarification and guidance to the Path Act revisions to Section 831(b) Click here for letter.

Members

The NCCIA is actively seeking member companies and suppliers for member status. Press here to go to membership information and an on line application to join.

Media

NCCIA welcomes inquiries from both the trade and general press. Press here to go to contact information.

NC Dept of Insurance

The NCDOI has responsibility for licensure and regulation of captive insurance companies in the state. Press here for the NCDOI web site.