Loading profile…
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 56-1222676 · Snapshot of IRS recognition, filing currency, financial health, and governance.
In 1969, the NORTH Carolina general assembly established the association as a market of last resort to provide property insurance for individuals and businesses who are unable to buy it in the standard insurance market. All property and casualty insurance companies doing business in NORTH Carolina are required by statute to participate in funding the operations of the association, and they share in its losses on pro rata basis. The association is not an agency of the state government, but its regulated by the NORTH Carolina commissioner of insurance.
Principal Officer
Dianne HARDY
Total Revenue
$232.8M
FY2024
Total Expenses
$234.1M
FY2024
Net Assets
$25.9M
Program Ratio
—
expenses on programs
Employees
210
Volunteers
0
Board Members
14
Voting
12
Independent
8 answers compiled from IRS Form 990, BMF, Pub 78, and the Auto-Revocation List.