Why NC?

Despite being a late entrant, 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.

North Carolina is also consistently named one of the best business climates in America. And with our beautiful beaches, award-winning golf courses and serene mountains and valleys, we think you'll find the climate's just right for work and play.

Here are just a few of the reasons to make North Carolina your captive's home.

Reasonable Regulation, Low Cost of Operation

  • Reasonable capital requirements
  • No fees (except for special purpose financial captives)
  • No mandatory Department of Insurance examinations
  • Possible exemption from annual audit requirements for captives writing less than $1.2 million in premium
  • No investment restrictions except for association captive insurance companies and risk retention groups
  • No Insurance Commissioner "pre-approval" required for auditors or actuaries
  • Competitive premium tax rates with a $100,000 premium tax cap

Stable, Knowledgeable and Responsive Regulatory Team

  • Dedicated captive staff who understand that captives are not to be regulated the same as traditional insurers
  • Insurance Commissioner and staff who are focused on a consistent and sensible pro-business approach to regulation 
  • Regulatory team dedicated to being responsive to the needs of the captive industry in North Carolina and who are easily accessible via phone, email or in person

Geography/Recreational Opportunities

  • Central East Coast location, with the nation's 6th largest airplane hub and 2nd largest highway system
  • Diverse geography and moderate climate allowing for a variety of outdoor recreation activities stretching from the mountains to the beach
  • Cultural offerings, rich history and variety of arts including everything from ballet and museums to festivals and symphonies
  • College and professional sports, including four universities in the Atlantic Coast Conference and NFL, NHL and NBA teams
  • Nearly 50 motorsports racetracks featuring events such as the NASCAR Sprint All-Star Challenge and the Coca-Cola 600. Home of the recently-opened NASCAR Hall of Fame.
  • More than 550 golf courses, including the famous Pinehurst No. 2, host of the 2014 U.S. Open Tournament
  • Consistently ranked among the best business climates in the nation by Forbes, CNBC, Chief Executive and Site Selection