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S.C. Exceeds 2002 Captive Expectations

The captive domicile of South Carolina recently announced that it finished 2002 with a total of 34 licenses, and an official said expansion is continuing, slowed only by a scarcity of reinsurance and fronting capacity.

Clayton Ingram, South Carolina Department of Insurance manager of risk development, alternative risk transfer services, said with only two full years as a domicile, South Carolina has licensed a total of 46 captive insurers.

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