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24 August 2016
Charlotte, North Carolina
Reporter Becky Butcher

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North Carolina celebrates its 100th pure captive

North Carolina has licensed its 100th pure captive, state insurance commissioner Wayne Goodwin confirmed at this year’s annual conference in Charlotte.

The captive belongs to Novant Health, a large regional hospital chain, based in Winston-Salem.

Goodwin said: "We have made great strides in bringing the benefits of captive insurance to North Carolina, the ninth largest potential market in the country."

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