Premium Reconciliation

The Premium Reconciliation program is used to help to ensure that all taxes and revenues have been submitted in accordance with North Carolina insurance statutes. The program compares data submitted by surplus lines agents with the data being submitted by surplus lines insurers.

The North Carolina Surplus Lines Stamping Office, on behalf of the North Carolina Department of Insurance, started the Premium Reconciliation process in 2023 to reconcile policies written and premiums collected by eligible non-admitted insurers with policies and premiums reported by licensed resident and nonresident surplus lines agents.

The attached documents are from the inception of the Premium Reconciliation program. Included is the Stamping Office announcement and the NC Commissioner’s Letter on Premium Reconciliation.