THE BUREAU WAS ESTABLISHED UNDER ARTICLE 36, CHAPTER 58, NC GENERAL STATUTES. THE PURPOSE OF THE NORTH CAROLINA RATE BUREAU IS TO ADMINISTER PROPERTY AND CASUALTY RATES FOR THE INSURANCE INDUSTRY IN NORTH CAROLINA. THE BUREAU MAINTAINS RULES AND REGULATIONS AND ESTABLISHES PREMIUM RATES FOR MOTOR VEHICLE, WORKERS' COMPENSATION AND PROPERTY INSURANCE. THE BUREAU ALSO ENSURES THE AVAILABILITY OF WORKERS' COMPENSATION INSURANCE TO ANY ELIGIBLE RISK IN NORTH CAROLINA BY ASSIGNING THE RISKS TO MEMBERS ON AN EQUITABLE BASIS.ALL EXPENSES ARE RELATED TO THOSE FUNCTIONS. THE NC RATE BUREAU RECEIVES NO GRANTS AND ALL EXPENSES ARE BORNE BY ITS MEMBER INSURANCE COMPANIES IN PROPORTION TO WRITTEN PREMIUMS.
Executive compensation, broken down
Form 990 · Schedule J · 8 reported individuals · Filing year 2024
- Base
- $323k
- Bonus
- $25k
- Other
- —
- Benefits
- $11k
- Base
- $232k
- Bonus
- $40k
- Other
- —
- Benefits
- $12k
- Base
- $229k
- Bonus
- $31k
- Other
- —
- Benefits
- $11k
- Base
- $225k
- Bonus
- $26k
- Other
- —
- Benefits
- $11k
- Base
- $186k
- Bonus
- $17k
- Other
- —
- Benefits
- $11k
- Base
- $187k
- Bonus
- $25k
- Other
- —
- Benefits
- $31k
- Base
- $174k
- Bonus
- $14k
- Other
- —
- Benefits
- $24k
- Base
- $182k
- Bonus
- $16k
- Other
- —
- Benefits
- $11k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
General Manager officer (unspecified) | $323k | $25k | — | $11k | $384k $408k |
Chief Financial Officer | $232k | $40k | — | $12k | $374k $397k |
Chief Administrative Officer highest compensated employee | $229k | $31k | — | $11k | $354k $375k |
Chief Information Officer chief information officer | $225k | $26k | — | $11k | $302k $320k |
Director, IT Services & Data chief information officer | $186k | $17k | — | $11k | $270k $286k |
Chief Operating Officer | $187k | $25k | — | $31k | $262k $278k |
Director, Personal Lines highest compensated employee | $174k | $14k | — | $24k | $227k $241k |
Director, Software Development | $182k | $16k | — | $11k | $226k $240k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 15 unpaid individuals.
Up 5%
from 2023
From $366k in 2023 to $384k in 2024.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Revenue and expenses over time
NORTH CAROLINA RATE BUREAU reported revenue and expenses across 2 filing years.
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