Skip to main content
NC DOI logo NC DOI

Topical Navigation

  • Home
  • Consumers
  • Assistance/Complaints
  • Insurance Industry
  • Licensees
    Licensees
    • Agent and Adjuster Licensing
    • Bail Bondsmen Licensing
    • Captive Insurance
    • Collection Agency Licensing
    • Insurance Company and County Farm Mutual Appointments and Terminations
    • Company Licensing and Registration
    • Continuing Care Retirement Community Licensing
    • Individual Self-Insured Workers' Compensation Licensing
    • Insurance Business Entity Licensing
    • Life and Health Licensing
    • Motor Club Licensing
    • Nonadmitted Domestic Surplus Lines Insurers Licensing
    • Pre-Licensing Education Providers
    • Premium Finance Company Licensing
    • Professional Employer Organizations Licensing
    • Surplus Lines Licensing
    • Third Party Administrator Licensing
    • Viatical Settlement Provider Licensing
    • Home Inspector Licensure Board
    • OSFM Licensees
    • Pharmacy Benefit Manager Licensing
  • Fraud Control
  • OSFM
  • ABOUT
  • NEWS
  • CONTACT
  • CAREERS
  • NC.GOV
NC DOI »   Licensees »   Company Licensing and Registration »   Surplus Lines Companies

Surplus Lines Companies

Surplus Lines Companies

The registration of surplus lines companies in North Carolina is governed by Chapter 58, Article 21 of the North Carolina General Statutes (Surplus Lines Act).

Filing a Registration Application

All companies requesting registration as a surplus lines company must:

  • Submit a letter to the Department requesting surplus lines status.
  • Maintain capital and surplus of $15,000,000 or higher.
  • Submit a copy of its current certified annual statement.  For alien insurers, the annual statement must have foreign currency restated in U.S. dollars.
  • Submit a brief description of its reinsurance program.
  • Submit a plan of operations, including the amount and type of business to be written in North Carolina.
  • Submit a copy of its Certificate of Authority from the domiciliary state.
  • Submit a nonrefundable application fee. (Schedule of Fees)

Alien insurers (those insurers residing outside the United States) wishing to be an eligible surplus lines company must report a trust fund on deposit in a United States financial institution for the protection of all of its policyholders in the United States. This trust fund is to consist of cash, securities, letters of credit or other authorized investments and shall have an expiration date of not less than five years. Alien insurers must also be listed in the latest NAIC Quarterly Listing of Alien Insurers to be considered for registration.

Renewal Application

Every eligible surplus lines carrier that is registered in North Carolina must submit a renewal application and pay a nonrefundable renewal fee by January 1 each year in order to retain registration.

  • Surplus Lines Renewal Instructions
  • Surplus Lines Renewal Application
  • Schedule of Fees

Surplus Lines Companies

  • List of registered surplus lines companies in North Carolina

Questions concerning surplus lines insurers or the application or renewal process can be directed to:

Hasije Harris
Special Projects Manager
919-807-6613
hasije.harris@ncdoi.gov

Company Licensing and Registration

  • Domestic Insurance Companies
  • Nonadmitted Domestic Surplus Lines Insurers
  • Foreign Insurance Companies
  • Foreign Risk Retention Groups
  • Risk Purchasing Groups
  • Prepaid Health Plans
  • Health Maintenance Organization
  • Surplus Lines Companies
  • Accredited Reinsurers
  • Authorized Reinsurers
  • Certified Reinsurers
  • Reinsurance Intermediary
  • Reciprocal Jurisdiction Reinsurers

Share this page:

  • Facebook
  • Twitter
  • Email

How can we make this page better for you?

Back to top

Contact Us

North Carolina Department of Insurance

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

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

Toll Free 855-408-1212

Agent Services: 919-807-6800

Contact NCDOI
Employee Directory
Careers at NCDOI
Calendar

Recent Tweets

Tweets by @NCInsuranceDept

Follow Us

  • Facebook
  • Twitter
  • YouTube
  • LinkedIn
  • RSS Feeds
  • Accessibility
  • Terms of Use
  • Privacy Policy
  • Open Budget
NC DOI
https://www.ncdoi.gov/licensees/company-licensing-and-registration/surplus-lines-companies