Note: Much of the data included here was based on year-end 2018 data. We are in the process of updating it with year-end 2019 data. Going forward we will be verifying all fields either directly with the domicile, or by using credible and confirmed data sources. If you represent a domicile or domicile association and are able to update and complete the data fields, please use this form. All data will be verified by CICA before it is published and will include the date and source of the update.

Number of active captives (pure)
Number of active captives (group/association)
Number of active captives (RRG)
Number of active captives (sponsored/cell captives)
Number of individual cells/cell participants
Total number of active captives, as of 12/31/2018
Types of captives allowed
  • Single parent captives
  • Association captives
  • Group captives
  • Risk retention groups
  • Special purpose captives
Number of full-time employees in captive regulatory department
Premiums to surplus
For automobile liability writers, the NCDOI requires a maximum limit of 2:1 premiums to surplus. For other insurers, the requirement varies, depending on the business plan.
Minimum capital (broken out by type of captive)

Pure: $250,000 or as determined by the Commissioner; Special Purpose: $250,000 or as determined by the Commissioner; Association: $500,000; Industrial Insured: $500,000; RRG: $1,000,000; Protected Cell: $250,000 or as determined by the Commissioner; Special Purpose Financial Captive: $250,000

Applicable Acts/Enabling Legislation
Chapter 58 Article 10 Part 9 of the North Carolina General Statutes is applicable to all captives, including risk retention groups. Chapter 58 Article 22 is applicable to risk retention groups.
Contact information for captive Administrator
Time given for application process
2-4 weeks
Time given for operational plan changes
Website Address
Are Exams done by own employees or by contract?
What is the examination cycle by type of captive?
Risk retention groups receive an examination by the NCDOI no less than every 5 years. Other captive insurers are not subject to an NCDOI examination schedule; instead, the NCDOI relies on the annual audit reports completed by independent CPAs. For non-RRG captive insurers, the NCDOI's examination resources are utilized on a target basis to address captive insurer issues that can not be resolved through other means.
Cost of exam range by pure? Average price?
Travel expenses of examiners
Cost of exam range by RRG? Average price?
Travel expenses of examiners
State domicile association name and website

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