Captives

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Concerning Captives
The Department of Insurance is committed to making South Carolina the onshore domicile of choice. Development of our captive industry continues to be a major focus of our department and we have already made amazing strides. Our department has a well-staffed and highly-skilled alternative risk division dedicated to servicing the special needs of captives. We have committed the resources and the expertise required to make us the most competitive captive domicile in the country.

Our progressive, business-friendly regulatory environment remains our strongest asset and South Carolina has one of the best insurance regulatory environments in the Southeast. Therefore, we recognize that competition is a vital component of any insurance regulatory process. We are committed to eliminating unnecessary, duplicative, and burdensome requirements while focusing on sound and sensible regulation.