North Carolina had 19 stand-alone captive applications and 13 cell captive applications pending approval by the Department of Insurance, as of 6 December, according to deputy insurance commissioner Debbie Walker.
In total, North Carolina has 584 captives domiciled, of which, 199 are stand-alone captives and 385 are protected cells.
Assuming all applications are approved and licensed, there will be more than 600 captives, some of which are inactive, domiciled in North Carolina.
A North Carolina Captive Insurance Association (NCCIA) newsletter suggested that the final figures for 2017 will likely be released between late January and early February.
At this year’s NCCIA conference, Walker revealed that last year the state licensed 85 captive insurance companies and approved 132 protected cells or series.
