North Carolina Department of Insurance, Jim Long Commissioner North Carolina Department of Insurance, Jim Long Commissioner North Carolina Department of Insurance, Jim Long Commissioner North Carolina Department of Insurance, Jim Long Commissioner
 
Financial Evaluation Division
COMPANY ADMISSIONS
 
Risk Purchasing Groups
 
A risk purchasing group is a group of companies engaged in the same type of business that purchases insurance as a group from approved carriers. All risk purchasing groups must register with the Department.
 
Risk purchasing groups are registered under North Carolina General Statute 58-22-10(9). Here are the forms that are needed in order to register a Risk Retention Group:
Every registered risk purchasing group must pay a nonrefundable renewal fee each year by January 1 in order to retain registration.