CICA > Domiciles > North Carolina

North Carolina

 
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Year captive legislation was passed
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Total number of captives as of year-end 2025
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Total new captives in 2025
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Total surrendered licenses in 2025
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Number of pure / single parent captives as of 2025
188
Number of risk retention groups (RRGs) as of 2025
9
Number of sponsored / cell company captives as of 2025
48
Number of individual cells / series as of 2024
746
Number of other types of captives (industrial insured, special purpose, SPFI, pooling, branch, agency) as of 2025
18
Types of captives allowed
  • Single parent captives
  • Association captives
  • Group captives
  • Protected cell/segregated portfolio companies
  • Risk retention groups
  • Special purpose captives
  • Special purpose financial captives
Number of full-time employees in captive regulatory department
13
Initial licensing and incorporating fees required by the domicile

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Annual requirements
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Annual fees
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Premium tax rate
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Dividend Distribution for Surplus Allowance
Yes upon approval
Minimum capital (broken out by type of captive)

$250,000 – Pure
$500,000 – Association/Group
$1,000,000 – RRG
$250,000 – Cell
$250,000 – SPFV

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.
Captive Administrator’s name and contact information
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Speed of licensing
2-4 weeks
Regulator
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Address and contact information of Regulatory Department
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Website address
https://www.ncdoi.gov/insurance-industry/captive-insurance
State domicile association name and website
North Carolina Captive Insurance Association, https://www.nccia.org