Financial Evaluation

Agile Enterprise

The Agile Enterprise Section is a flexible work section designed as a rapid response mechanism to handle urgent matters with very short notice for the Financial Evaluation Division as well as other areas of the Company Services Group. The Agile Enterprise Section conducts on-site examinations of insurance companies domiciled and operating only in North Carolina, licensed risk retention groups, captive insurance companies, groups that self-insure their workers’ compensation liabilities, and other similar or related entities under North Carolina jurisdiction to determine financial condition, legality and propriety of operations and fair and equitable treatment of all policyholders. An Examination Report is prepared based on the results of the field examination. The Agile Enterprise Section assists the Captive Insurance Companies Division with reviews of Captive applications and performs ongoing financial analysis of licensed risk retention groups. The work is guided by state laws and regulations, departmental policies and procedures, and the National Association of Insurance Commissioners.

Contact Us

Physical Address:
Albemarle Building
325 N. Salisbury Street
Raleigh NC 27603-5926

Mailing Address:
NC Department of Insurance
Agile Enterprise
1201 Mail Service Center
Raleigh NC 27699-1201

Kait Chase
Risk Retention Group Manager
Cecilia Guan
Financial Analyst
Monique Smith
Deputy Commissioner
Ke Xu
Chief Financial Examiner

Published Reports on Examination

Annual Financial Reporting Law

Domestic North Carolina Licensed Risk Retention Groups

  • Formed pursuant to the Liability Risk Retention Act of 1986, 15 U.S.C. § 3901, et. seq. Risk retention groups are restricted to writing only liability coverage. A risk retention group, once licensed in one state, may operate nationwide provided it properly registers with all other states in which it proposes to solicit or write insurance.
  • Filing Requirements and Forms