May 2020

The NCCIA Board of Directors held it’s Annual Business  meeting by teleconference on Wednesday, May 20

(Southern Pines)……The NCCIA Board of Directors held it’s Annual Business  meeting by teleconference on Wednesday, May 20. The meeting would have been held during the association’s Annual Conference on that date. The Annual Conference is now scheduled for August 30 through September 2 at the Washington Duke Hotel in Durham.

According to Lea Riddle, NCCIA Board Chair (McGriff Insurance), the Board undertook “a number of actions related to on going activities of the association. ”The board heard an overview of changes made to the Annual Conference Agenda due to the Corona virus and the rescheduling of the meeting to late summer.” The board noted that the association has received no cancellations by registrants or sponsors and that plans for both the Pre- Conference Captive Owners Forum on August 30 and the conference itself, beginning on August 30. The Association has reopened “early bird” registration this week through June 15. In the unlikely event the conference has to be cancelled due to the virus registration fees will returned without an administrative fee. Conference Registration and Hotel Accommodations at the Washington Duke Inn can be made on our website at . Please take time to register now. Riddle said in closing, “The NCCIA is still working through changes with the hotel and the conference committee continues to update the program. I want to express the Board’s appreciation to both the Conference Program Committee and the NCCIA Staff for the extra effort it has taken to reschedule the Annual Conference. We hope everyone will register soon and be with us in Durham.”
The Board also voted to receive both the 2019 Annual and 2020, 1st Quarter Reports. The association had net assets at the end of 2019 of $89,000 according to association Treasurer Matt Holycross (The Taft Companies).

In other action the Board reviewed plans for the filing of a new Amicus Brief (Friend of The Court) in the CIC case now before the US Supreme Court (SCOTUS) (See last months Newsletter). The association is joining other state captive associations and several national associations to draft the brief. The case, which is attracting attention from a growing number of non-captive related groups, will be heard by the full US Supreme Court in its fall session. NCCIA expects a number of additional briefs will be filed by non-captive related entities. The Newsletter will cover the contents of the Amicus after it has been approved by the participating associations for submission to SCOTUS in mid-summer.

Finally, the Board Re-elected all officers for an additional one year term of office. This extra year completes a transition in officer terms made necessary by moving the associations Annual Conference to May, now beginning in 2021.

Re-elected were Lea Riddle, Chair; Anne Marie Towle (Hylant) Vice Chair; Mickey Payseur (Butler & Stowe), Secretary; Matt Holycross, Treasurer. There were no vacancies of directors terms to fill in 2020.

See you in Durham!
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