Fiscal year ending 2022. Filed on May 15, 2023.
751 Corporate Center Dr 200
Raleigh, North Carolina 27607
North Carolina Joint Underwriting Association (EIN: 56-1222676) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2022 IRS Form 990 filing, North Carolina Joint Underwriting Association, a 501(c)(6) business league, reported compensation for 8 out of 177 total employees. Among the employees shown here, the average compensation is $333,134. The highest compensated employee at North Carolina Joint Underwriting Association is Dianne Hardy with fiscal year 2022 compensation of $601,257.
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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.
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