NCJUA / NCIUA

What NCJUA / NCIUA does

NCJUA / NCIUA consists of two state-created, tax-exempt associations of insurance companies that operate as the property insurance markets of last resort in North Carolina. The North Carolina Joint Underwriting Association (NCJUA), also known as the FAIR (Fair Access to Insurance Requirements) Plan, provides basic property insurance statewide to owners unable to obtain coverage through standard markets. The North Carolina Insurance Underwriting Association (NCIUA), also known as the Coastal Property Insurance Pool, provides essential property insurance specifically for the Beach and Coastal Areas of North Carolina. Both entities were created by North Carolina state law and are composed of insurance companies licensed to write property insurance in the state; they do not write flood insurance and refer such inquiries to the National Flood Insurance Program.

The associations operate from Cary, North Carolina with a staff of 46 and provide 24/7 self-service through a proprietary Consumer Service Portal (CSP) that allows policyholders to file claims, make payments, view policy details, and manage billing. Distribution is primarily indirect: licensed insurance producers place policies on behalf of property owners, while member insurers participate collectively in the risk pool. Member insurers, producers, and policyholders each have separate procedural guidance published by the associations.

Economically, NCJUA/NCIUA collect insurance premiums from policyholders in exchange for property coverage in a recurring premium model. Specific pricing is not publicly disclosed and is determined based on property risk assessment. The organization has been continuously operating since 1969, and its mandate and statutory structure position it as the exclusive residual-market provider rather than a competitor to standard carriers.

Name

NCJUA / NCIUA

Legal name

North Carolina Joint Underwriting Association (NCJUA) / North Carolina Insurance Underwriting Association (NCIUA)

Website

https://ncjua.com

Company type

Private

Founded year

1969

Operating status

Operating

Headcount range

11–50 employees

Short description

NCJUA/NCIUA is a state-created tax-exempt association of insurers providing basic (NCJUA/FAIR Plan) and coastal (NCIUA/Coastal Property Insurance Pool) property insurance as North Carolina's market of last resort.

Ownership category

akta.pro rank

Product category

Property Insurance Residual Market

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)

akta.pro primary industry

Inland Marine Insurance (Transit, Equipment & Installation) (FSAJAHAB)

Keywords

• Property insurance coverage
• FAIR plan insurance
• Coastal insurance pool
• Residual market insurance
• Joint underwriting association

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Insurance Premiums: NCJUA/NCIUA operates as a tax-exempt association collecting insurance premiums from property owners in North Carolina. As a market of last resort, the associations provide property insurance coverage to owners who cannot obtain it through standard insurance markets. Premiums are collected from policyholders in exchange for insurance coverage.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

NCJUA/NCIUA are state-created, tax-exempt associations of insurance companies that operate as markets of last resort for property insurance in North Carolina. NCJUA (the FAIR Plan) provides basic property insurance statewide, while NCIUA (the Coastal Property Insurance Pool) provides essential property insurance in Beach and Coastal Areas, both serving property owners unable to obtain coverage through standard insurance markets.

Product overview

NCJUA / NCIUA operates as two distinct but related insurance associations providing property insurance coverage as a market of last resort for North Carolina citizens. The North Carolina Joint Underwriting Association (NCJUA / FAIR Plan) offers basic property insurance statewide, while the North Carolina Insurance Underwriting Association (NCIUA / Coastal Property Insurance Pool) focuses on essential property insurance for Beach and Coastal Areas. Both associations are supported by the Consumer Service Portal (CSP), a unified online platform that enables policyholders to file claims, make payments, view policy information, access real-time policy details, and manage billing 24/7.

Differentiator

Problem solved

Functional benefit

Products and services

• NCJUA / FAIR Plan (North Carolina Joint Underwriting Association) A tax-exempt association of insurance companies created by North Carolina law to act as a market of last resort, providing adequate basic property insurance to property owners with insurable property in North Carolina who cannot obtain coverage through standard insurance markets.
• NCIUA / Coastal Property Insurance Pool (North Carolina Insurance Underwriting Association) A tax-exempt association of insurance companies created by North Carolina law to act as a market of last resort, providing adequate essential property insurance to property owners with insurable property in the Beach and Coastal Areas of North Carolina who cannot obtain coverage through standard insurance markets.
• Consumer Service Portal (CSP) A 24/7 online self-service portal that enables policyholders of NCJUA and NCIUA to file claims, make payments, view policy information, access real-time policy details, and manage billing information. Available as registered users or guests.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature1 record

Scale indicators2 records

Recent moves3 records

Expansion highlights2 records

Direct peers

• New Jersey FAIR Plan: New Jersey's residual market mechanism for basic property insurance — directly comparable to NCJUA's FAIR Plan structure, providing coverage to owners unable to obtain it in the voluntary market.
• Texas Windstorm Insurance Association (TWIA): Texas's statutorily created windstorm and hail insurance pool for coastal areas — directly comparable to NCIUA's coastal property insurance function, with similar residual-market structure and catastrophe-driven exposure.
• Florida Citizens Property Insurance Corporation: Florida's residual market insurer of last resort, providing property coverage to homeowners who cannot obtain it from private insurers — directly comparable to NCJUA/NCIUA's mandate, with particular overlap on coastal exposure.
• Alabama Insurance Underwriting Association: Alabama's state-created FAIR Plan providing basic property insurance to property owners unable to obtain coverage through standard markets — directly comparable to NCJUA's statewide residual-market function with overlapping Gulf-coast exposure.
• Louisiana Citizens Property Insurance Corporation: Louisiana's market-of-last-resort property insurer for residential and commercial properties — directly comparable as a state-created residual market with significant hurricane and coastal exposure.
• Massachusetts Property Insurance Underwriting Association: Massachusetts' residual market mechanism for habitational property insurance — directly comparable to NCJUA's FAIR Plan function, providing basic property coverage to owners unable to obtain it in standard markets.
• California FAIR Plan Association: California's state-mandated FAIR Plan and market of last resort for residential property insurance — directly comparable to NCJUA in providing basic property coverage to owners unable to obtain it through standard markets.
• South Carolina Wind & Hail Underwriting Pool: South Carolina's state-mandated wind and hail insurance pool serving coastal areas — directly comparable to NCIUA's coastal property insurance pool, with overlapping Atlantic-coast catastrophe exposure.
• Mississippi Windstorm Underwriting Association: Mississippi's state-mandated wind pool providing essential property insurance in coastal counties — directly comparable to NCIUA's coastal property insurance pool, with overlapping Gulf hurricane exposure.
• New York Property Insurance Underwriting Association: New York's FAIR Plan providing basic property insurance to property owners unable to obtain coverage in the voluntary market — directly comparable to NCJUA's statewide residual-market function.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/ncjua-nciua

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NCJUA / NCIUA