Commissioner Causey Announces That Captive Insurance Program Provided a $30 Million Boost to N.C. Economy in 2017
North Carolina Insurance Commissioner
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Captive insurance is a form of self-insurance through which a business may form its own insurance company to manage its risks.
There are many reasons why captive insurance may be beneficial to a business. These include the ability to obtain insurance coverage that is not readily available or is too costly in the commercial market, reduction of insurance costs, stabilized pricing, and customization of the terms and conditions of insurance products to meet the insured's needs.
The
The 2017 impact of
In other news regarding the state's captive insurance program:
* Commissioner Causey also reported that the
* The upcoming
* Senior Deputy Commissioner
* Chief Deputy Commissioner
*
* Insurance Commissioner
Learn more about the N.C. captive insurance program at www.nccaptives.com.
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