Nonadmitted Domestic Surplus Lines Insurers

Nonadmitted Domestic Surplus Lines Insurers

The North Carolina Department of Insurance is the North Carolina agency responsible for the licensing and financial regulation of Nonadmitted Domestic Surplus Lines Insurers under Chapter 58, Article 21 of the North Carolina General Statutes (The Surplus Lines Act).

Filing an Application for a North Carolina Nonadmitted Domestic Surplus Lines Insurer License

New companies wishing to be licensed as a Nonadmitted Domestic Surplus Lines Insurer in North Carolina must apply for a license.

To apply for a license, a new company must use the following:

• Application for Nonadmitted Domestic Surplus Lines Insurer License

Applications for Nonadmitted Domestic Surplus Lines Insurer licenses will be reviewed by the Financial Analysis Section.

Additional Documents

• Opening Balance Sheet
• Certification of Capitalization
• Certification of the Organizational Meeting and the Adoption of Bylaws
• Instructions for Nonadmitted Domestic Surplus Lines Insurer’s Application for License
• A Power of Attorney for Service of Legal Process