North Carolina’s captive legislation was placed in effect in October 2013, establishing 5 licenses as of May 2014. Distinguishing features unique to North Carolina include: Reasonable capital requirements and Competitive premium tax rates with a $100,000 premium tax cap. North Carolina has made a strong long-term commitment to the captive industry. From the Insurance Commissioner to the N.C. General Assembly to the North Carolina Captive Insurance Association, all are committed to making North Carolina a great new home for captives.
To learn more, visit: North Carolina Department of Insurance: http://www.ncdoi.com/NCCaptives