Fiscal year ending 2023. Filed on May 7, 2024.
751 Corporate Center Dr 200
Raleigh, North Carolina 27607
North Carolina Insurance Underwriting Association (EIN: 23-7102759) has filed an IRS Form 990 between fiscal years 2016 and 2023. In its fiscal year 2023 IRS Form 990 filing, North Carolina Insurance Underwriting Association, a 501(c)(6) business league, reported compensation for 8 employees. Among the employees shown here, the average compensation is $328,402. The highest compensated employee at North Carolina Insurance Underwriting Association is Dianne Hardy with fiscal year 2023 compensation of $562,623.
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Employee compensation
IN 1969, THE NORTH CAROLINA GENERAL ASSEMBLY ESTABLISHED THE ASSOCIATION AS A MARKET OF LAST RESORT TO PROVIDE PROPERTY INSURANCE IN THE BEACH AND COASTAL AREAS OF NORTH CAROLINA 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.
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