2024-05-07T14:55:14-05:00 2023-12-31 521446779 JOHNSON LAMBERT LLP 4242 SIX FORKS ROAD SUITE 1500 RALEIGH NC 27609 990 2023-01-01 561222676 NORTH CAROLINA JOINT UNDERWRITING ASSOCIATION NORT 9198211299 751 CORPORATE CENTER DR 200 RALEIGH NC 27607 GINA HARDY CHIEF EXECUTIVE OFFICER 9198211299 2024-05-07 1 GINA HARDY 999009999 0 J CALVIN MARKS P01226973 9197196400 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z DIANNE HARDY 751 CORPORATE CENTER DR 200 RALEIGH NC 27607 173589783 0 X WWW.NCJUA-NCIUA.ORG X 1969 NC 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. 14 12 192 0 0 0 0 0 128518042 161833930 1587592 3045590 475788 629751 130581422 165509271 0 0 0 0 7517357 7122032 0 0 0 126672622 151032619 134189979 158154651 -3608557 7354620 138408796 177588155 116322730 149802357 22086066 27785798 X 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. 0 0 CONDUCT BUSINESS BY PROVIDING PROPERTY INSURANCE TO INDIVIDUALS AND BUSINESSES WHO WERE UNABLE TO BUY IT IN THE STANDARD MARKET 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 2160 0 1 192 1 0 0 0 0 0 0 0 0 X 14 12 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 X SARAH MOORE 9198211299 751 CORPORATE CENTER DR 200 RALEIGH NC 27607 MICK QUINLAN DIRECTOR OF IT (FROM APR '23) 18.75 18.75 X X 211760 0 32150 ALLEN HOUCK CHAIR 1.00 1.00 X X 0 0 0 BOB MESSIER CHAIR (TO MAR '23) 1.00 1.00 X X 0 0 0 ERIC HAMMONS VICE CHAIR (FROM JUN '23) 1.00 1.00 X X 0 0 0 TINA FORSBERG BOARD MEMBER 1.00 1.00 X 0 0 0 CHRIS FRISBIE BOARD MEMBER (TO JUN '23) 1.00 1.00 X 0 0 0 ALEX GARATE BOARD MEMBER (FROM JUN '23) 1.00 1.00 X 0 0 0 MONICA GARDNER BOARD MEMBER (FROM NOV '23) 1.00 1.00 X 0 0 0 STEVE HALL BOARD MEMBER (FROM JUN '23) 1.00 1.00 X 0 0 0 PATRICK JOYCE BOARD MEMBER 1.00 1.00 X 0 0 0 HOPE KORNEGAY BOARD MEMBER 1.00 1.00 X 0 0 0 BRAD LOVIN BOARD MEMBER 1.00 1.00 X 0 0 0 JOHN MILETTI BOARD MEMBER 1.00 1.00 X 0 0 0 JARRETTE SAMPSON BOARD MEMBER 1.00 1.00 X 0 0 0 ERIC VAITH BOARD MEMBER 1.00 1.00 X 0 0 0 PATRICK WEIL BOARD MEMBER (TO MAR '23) 1.00 1.00 X 0 0 0 REGINALD WRIGHT BOARD MEMBER 1.00 1.00 X 0 0 0 ROBERT YANCEY BOARD MEMBER 1.00 1.00 X 0 0 0 DIANNE HARDY CHIEF EXECUTIVE OFFICER 18.75 18.75 X 514921 0 47702 ALVIN ASHWORTH CHIEF OPERATING OFFICER 18.75 18.75 X 374965 0 51437 ROBERT EADES CHIEF CLAIMS OFFICER 18.75 18.75 X 273827 0 49076 TEKEELA BARNES CHIEF INFORMATION OFFICER 18.75 18.75 X 257817 0 46985 SONYA CHAMPION DIRECTOR OF HUMAN RESOURCES 18.75 18.75 X 248458 0 31235 VICKI FISHER DIRECTOR OF CLAIMS 18.75 18.75 X 208532 0 26263 REGINA O'CONNOR DIRECTOR OF IT (TO MAR '23) 18.75 18.75 X 206223 0 45866 2296503 0 330714 45 0 1 0 CREATIVE ADJUSTING INC 7703 N LAMAR STE 210 AUSTIN TX 78752 CLAIMS SERVICES 1043625 OGON CONSULTING 5706 CAHALAN AVE 53570 SAN JOSE CA 95153 SOFTWARE DEVELOPMENT 882250 ACCELERATED ADJUSTING LLC PO BOX 19266 ASHEVILLE NC 28815 CLAIMS SERVICES 831925 MCGRIFF INSURANCE SERVICES INC 8200 GREENSBORO DR FL 8 MCLEAN VA 22102 PRODUCER COMMISSIONS 492030 SHEALLY INSURANCE GROUP INC 34 COVIL AVE WILMINGTON NC 28403 PRODUCER COMMISSIONS 453558 273 PREMIUMS EARNED 524298 161833930 161833930 161833930 3047124 3047124 8078978 8080512 -1534 -1534 -1534 629751 629751 629751 165509271 161833930 0 3675341 642844 5268348 811733 17446 381661 175088 100015 51129 191537 760118 2660802 801731 58402 321702 116194 1341070 LOSSES & LAE 101932587 COMMISSIONS 31028233 PREMIUM TAX 5844932 CLAIMS EXPENSE 829202 4819877 158154651 20989407 36841341 29371314 21388254 21712814 33927809 2614908 2605444 1466 9464 66333795 85421287 138408796 177588155 8127170 10804923 108195560 138997434 116322730 149802357 X 0 0 0 0 22086066 27785798 22086066 27785798 138408796 177588155 X 7354620 -1654888 X 0 1 X 1 0 2614908 2605444 9464 9464 UNEARNED PREMIUM RESERVES 113555362 LOSS RESERVES 18288006 LOSS ADJUSTMENT EXPENSE RESERVES 3751994 RETIREMENT LIABILITIES 3402072 138997434 165015620 0 165015620 493651 493651 165509271 157664510 3510 3510 157661000 493651 493651 158154651 PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 3,510. X X 0 0 0 DIANNE HARDY CHIEF EXECUTIVE OFFICER 473911 0 40000 0 1010 0 22838 0 24864 0 562623 0 0 0 ALVIN ASHWORTH CHIEF OPERATING OFFICER 331747 0 41448 0 1770 0 22012 0 29425 0 426402 0 0 0 ROBERT EADES CHIEF CLAIMS OFFICER 238230 0 34587 0 1010 0 17538 0 31538 0 322903 0 0 0 TEKEELA BARNES CHIEF INFORMATION OFFICER 222356 0 34451 0 1010 0 17196 0 29789 0 304802 0 0 0 SONYA CHAMPION DIRECTOR OF HUMAN RESOURCES 217468 0 29220 0 1770 0 16445 0 14790 0 279693 0 0 0 REGINA O'CONNOR DIRECTOR OF IT (TO MAR '23) 176653 0 28560 0 1010 0 13646 0 32220 0 252089 0 0 0 MICK QUINLAN DIRECTOR OF IT (FROM APR '23) 161139 0 49327 0 1294 0 14074 0 18076 0 243910 0 0 0 VICKI FISHER DIRECTOR OF CLAIMS 183988 0 23534 0 1010 0 12043 0 14220 0 234795 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 EVERY INSURER AUTHORIZED TO WRITE BASIC PROPERTY INSURANCE IN NORTH CAROLINA, EXCEPT TOWN AND COUNTY MUTUAL INSURANCE ASSOCIATION AND ASSESSABLE MUTUAL COMPANIES AND EXCEPT INSURER WHO ONLY WRITES INSURANCE ON PROPERTY EXMEPTED FROM TAXATION, SHALL BE REQUIRED TO BECOME AND REMAIN A MEMBER OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS CONSIST OF FOURTEEN (14) MEMBERS: SEVEN (7) REPRESENTATIVES FROM THE INSURANCE INDUSTRY, FOUR (4) LICENSED AGENTS AND THREE (3) FROM THE GENERAL PUBLIC. THE AGENT AND PUBLIC REPRESENTATIVES ARE APPOINTED BY THE COMMISSIONER OF INSURANCE. EACH YEAR THE INSURANCE INDUSTRY REPRESENTATIVES ARE NOMINATED AND APPROVED BY THE BOARD OF DIRECTORS. EACH YEAR THE SEVEN (7) INSURANCE INDUSTRY BOARD MEMBERS REPRESENT THE REMAINING COMPANIES OF THE INSURANCE INDUSTRY BY PROXIES. FORM 990, PART VI, SECTION A, LINE 7B ALL PLAN OF OPERATION AND PROCEDURAL CHANGES MUST BE APPROVED BY THE BOARD OF DIRECTORS WITH SOME COMPANY MEMBERS PROVIDING THEIR VOTES BY PROXIES. ONCE THESE CHANGES ARE APPROVED BY THE BOARD OF DIRECTORS, THEY ARE FILED WITH THE COMMISSIONER OF INSURANCE FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE GENERAL MANAGER BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C EVERY YEAR ALL BOARD OF DIRECTORS AND EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT. THESE STATEMENTS ARE REVIEWED FOR INDICATION OF CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HIRE AND PROVIDES REVIEW AND COMPENSATION FOR THE GENERAL MANAGER. THE GENERAL MANAGER APPROVES HIRING AND COMPENSATION FOR ALL REMAINING EMPLOYEES. FOR KEY EMPLOYEES OF THE ORGANIZATION, COMPARABILITY DATA FROM PROPERTY CASUALTY INSURERS (PCI) AND NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES (NAMIC) WERE UTILIZED TO DETERMINE EQUITABLE COMPENSATION LEVELS. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE ASSOCIATION'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN NONADMITTED -2,188,333. CHANGE IN PENSION LIABILITY 536,955. BAD DEBT EXPENSE -3,510. NORTH CAROLINA INSURANCE UNDERWRITING ASSOCIATION 751 CORPORATE CENTER DR RALEIGH NC 27606 237102759 INSURANCE NC 501(C)(6) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0