Financial Analysis & Receivership - Financial Analysis - Company Admissions

The Financial Analysis Section evaluates the operations and financial condition of out-of-state insurance companies (foreign insurance companies) applying to transact insurance business in North Carolina to determine compliance with admissions requirements. This section also reviews and evaluates the proposed operations of new insurance companies proposing to incorporate in North Carolina (domestic insurance companies) to determine compliance with state laws. In addition, this section evaluates and registers the following entities: foreign risk retention groups, risk purchasing groups, surplus lines insurance companies and companies seeking accredited reinsurer status in North Carolina.