domicile

North Carolina Captive Insurance: Regulations, Requirements & Providers

Fast-growing US captive domicile with over 1,400 entities licensed since 2013.

1 active provider

How are these providers ranked?

At a glance

Jurisdiction
North Carolina
Domicile type
US onshore captive domicile
Active providers on Bastivo
1

Key characteristics

  • Regulated under the North Carolina Captive Insurance Act (2013) by the North Carolina Department of Insurance
  • Licenses pure, association, protected cell/segregated portfolio, and risk retention group captives, among other types
  • 293 captives licensed as of 2025, generating roughly $1.6 billion in gross written premium — one of the fastest-growing US domiciles since its 2013 launch
  • Minimum capital and surplus of $250,000 for pure and protected cell captives, $500,000 for association and industrial insured captives, and $1 million for risk retention groups
  • Premium tax of 0.40% on the first $20 million of direct premium and 0.30% above that, with a minimum tax of $5,000 and a maximum of $100,000 ($10,000/$200,000 for larger protected cell programmes)

Primary sources

Considering North Carolina

Why companies consider North Carolina

  • One of the fastest-growing US captive domiciles by number of new licenses since its 2013 launch
  • A statutory exemption from the annual in-state board meeting requirement for captives using at least two North Carolina service providers
  • The Insurance Commissioner has discretion to set lower capital for special purpose captives when a business plan supports it
  • A capped, tiered premium tax that limits the maximum annual tax burden

Key considerations

  • No statutory requirement that directors or officers be North Carolina residents, but at least one director is required for most captive types
  • Annual filing deadlines are staggered across the year (return in March, actuarial opinion and audit by June 30)
  • A self-procurement tax of 4.75% applies in certain circumstances
  • Confirm current fees and thresholds with the NC Department of Insurance or a licensed captive manager

Each card shows how that provider relates to North Carolina — headquartered here, an office here, or serving the domicile.

Providers for North Carolina

1 company

Oct 20, 2026How are these providers ranked?

Risk Services, LLC

Unclaimed
Serves this domicile
No reviews yetriskservcos.com1605 Main Street, Suite 800, Sarasota, Florida 34236, United States
  • Risk Consulting
  • Captive Feasibility Studies
  • Underwriting
  • Regulatory Compliance
  • Captive Management Services
  • Captive Accounting
  • +1 more

Risk Services, LLC is a full-service captive insurance manager providing formation, licensing, accounting, financial reporting, regulatory compliance, underwriting, policyholder administration, reinsurance intermediary and fronting support services.

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