Media Contact: Cameron Yost 803-779-6677

captive insurance industry in her speech, but she provided tangible evidence by signing Media Contact: Senate 909 in front of the conference’s Cameron Yost general session. Actions speak louder than [email protected] words and the Governor’s position on captive insurance was very clear to everyone 803-779-6677 in attendance. Together with Department of Insurance leadership, she clearly has South Carolina pointed in the right direction,” said For Immediate Release Chris Stormer, South Carolina Captive September 26, 2014 Insurance Association president.

The Honorable Governor Nikki R. South Carolina originally passed captive Haley Addresses Crowd at South insurance legislation in 2000 and since then Carolina Captive Insurance has licensed over 230 captives in the Association Annual Conference & domicile. The industry continues to grow Signs New Captive Legislation and contributes over a billion dollars each annually to the state economy. Columbia, SC – South Carolina Governor, About South Carolina Captive Insurance Nikki R. Haley addressed the attendees of Association the South Carolina Captive Insurance Association 15th Annual Executive The South Carolina Captive Insurance Educational Conference on Tuesday, Association exists to enhance the captive September 23rd. This is the second industry within South Carolina and promote consecutive year that the Governor has South Carolina as the leading domicile attended the event to show her support for within the United States. The SCCIA the captive insurance industry in the state. provides advocacy, promotion and education for the stakeholders of the South Carolina In addition to her speech, Governor Haley captive insurance industry. signed legislation, which amended South Carolina's previous Protected Cell Legislation to allow for these individual #### cells to incorporate, in front of the attendees. She specifically recognized both the association and the department of insurance for their hard work on the bill and presented a ceremonial pen to the leadership of both organizations.

Governor Haley’s office posted that they were “proud to have signed legislation at the South Carolina Captive Insurance Association that encourages growth in the captive industry without compromising regulations or quality. The captive industry is growing and has contributed $1 billion dollars each year for the last three years to the economic activity in our state. This is a clean industry that adds great paying jobs for the people of South Carolina!”

“Governor Haley’s visit was a highlight of the Conference again this year. Not only did she reinforce the state’s commitment to the