Insurance commissioner Wayne Goodwin delivered the keynote presentation, "Why North Carolina?", to the first captive seminar held in North Carolina.
The event in Raleigh was attended by captive insurance managers and service providers, regulators, legislators and other interested parties.
The state signed its Captive Insurance Act into law on 19 June.
Goodwin expressed his appreciation to the North Carolina Captive Insurance Association for its efforts to draw business to North Carolina and his optimism about the future of captive insurance in the state.
Goodwin said: "North Carolina has a law that makes us competitive with the most successful captive domiciles in operation. We will use a consistent and sensible approach to regulation, always remaining responsive to the needs of the captive industry."
