Full service estate planning and tax attorneys for the North Carolina Sandhills.

phone icon910-944-9555


What is a captive insurance company (CIC)?


A CIC is an insurance company that insures the risks of a single company (single member CIC) or a small group of companies (group or cell captives). The owners of the CIC are usually the owners of the companies being insured by the CIC, hence the name “captive”. However, the CIC can be owned by other people or trusts to accomplish estate planning and asset protection goals as well. A CIC is a real insurance company licensed in a jurisdiction (called a “domicile”) that is favorable to the regulation and expense of operating a CIC, such as North Carolina. Choosing the proper or best domicile is an important objective of the recommended feasability study. (Note – there is no special tax benefit for the CIC being outside of the United States. The CIC will be subject to US tax law.)