NORTH CAROLINA INSURANCE GUARANTY ASSOCIATIONPub 78
Pub 78
AI Summary
The North Carolina Insurance Guaranty Association is dedicated to providing a mechanism for the payment of covered claims under specific insurance policies, aiming to prevent financial loss to claimants due to insurer insolvency. With an operating budget of $24.3 million and total revenue of $16 million for the filing year 2024, the organization plays a crucial role in the insurance sector within North Carolina. For more information, visit www.ncrb.org/nciga.
Mission Statement
THE PURPOSE OF THE NORTH CAROLINA INSURANCE GUARANTY ASSOCIATION IS TO PROVIDE A MECHANISM FOR THE PAYMENT OF COVERED CLAIMS UNDER CERTAIN INSURANCE POLICIES, TO AVOID EXCESSIVE DELAY IN PAYMENT, AND TO AVOID FINANCIAL LOSS TO CLAIMANTS OF POLICYHOLDERS BECAUSE OF THE INSOLVENCY OF AN INSURER, TO ASSIST IN THE DETECTION AND PREVENTION OF INSURER INSOLVENCIES, AND TO PROVIDE AN ASSOCIATION TO ASSESS THE LOSS OF SUCH PROTECTION AMONG INSURERS.
Cause Areas
1
Insurance
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is NORTH CAROLINA INSURANCE GUARANTY ASSOCIATION’s budget?
In 2024, NORTH CAROLINA INSURANCE GUARANTY ASSOCIATION reported an annual operating budget of around $24.3 million. More detailed financial information is available to registered users.
What causes does NORTH CAROLINA INSURANCE GUARANTY ASSOCIATION support?
NORTH CAROLINA INSURANCE GUARANTY ASSOCIATION supports work in Insurance.
Where does NORTH CAROLINA INSURANCE GUARANTY ASSOCIATION operate?
NORTH CAROLINA INSURANCE GUARANTY ASSOCIATION is headquartered in Raleigh, NC.