South Carolina’s New Code of Conduct for Captive Managers – Background Rationale & Commentary – Six Takeaways - April 25, 2019
On the eve of the world’s largest gathering of risk and insurance professionals in Boston – the annual RIMS conference – the South Carolina Department of Insurance has announced that it has adopted a Code of Conduct for captive managers, which Captive Director Jay Branum calls “an absolute first among the over three dozen state domiciles in the U.S. captive marketplace”. Here Branum highlights six takeaways about the Code and its background rationale.
This Code is very much in keeping with our continuing commitment to the captive industry and its stakeholders. We want to see the managers of South Carolina captives continue to grow, prosper, and invest in this state, and we believe this Code will enhance our captive ecosystem in such a way as to help us achieve that objective together.
For a rich text format version of this memo, click here.
For the Official Captive Manager Code of Conduct, click here.