North Carolina Reinsurance Facility Annual Reports
The Reinsurance Facility is a mechanism for pooling of insurance risks who cannot obtain coverage by ordinary methods. Premiums, losses, and expenses are shared by the member companies in proportion to their respective North Carolina automobile liability insurance writings. By regulating the ability of citizens to get insurance after being dropped, or losing their insurance for extenuating reasons, the North Carolina Reinsurance Facility is a champion for the citizens of the state.
Strictly by the numbers, The Reinsurance Facility reports its findings and progress every year, clarifying the importance and necessity of its role in North Carolina.