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Pulling IRS BMF, Form 990 filings, peer benchmarks, programs, people, and grants.
Pulling IRS BMF, Form 990 filings, peer benchmarks, programs, people, and grants.
DBA: N/A
EIN 56-1179542 · Snapshot of IRS recognition, filing currency, financial health, and governance.
The Bureau was established under article 36, chapter 58, nc general statutes. The purpose of the NORTH Carolina Rate Bureau is to administer property and casualty rates for the insurance industry in NORTH Carolina. The Bureau maintains rules and regulations and establishes premium rates for motor vehicle, workers' compensation and property insurance. The Bureau also ensures the availability of workers' compensation insurance to any eligible risk in NORTH Carolina by assigning the risks to members on an equitable basis.all expenses are related to those functions. The nc Rate Bureau receives no grants and all expenses are borne by its member insurance companies in proportion to written premiums.
Total Revenue
$20.7M
FY2024
Total Expenses
$19.4M
FY2024
Net Assets
$4.5M
Program Ratio
—
expenses on programs
Employees
84
Volunteers
15
Board Members
12
Voting
12
Independent
8 answers compiled from IRS Form 990, BMF, Pub 78, and the Auto-Revocation List.