The North Carolina School Insurance Fund was established in 1949 by North Carolina General Statute 115C-533, empowering the North Carolina State Board of Education to establish a division to manage and operate an insurance fund for public school property. Consequently, The Board created the Public School Insurance Fund in order to insure the property assets of North Carolina Public Schools, and to provide adequate reserves against insured losses. Additionally, North Carolina Community Colleges have been allowed and can also elect to participate in the Fund. This statute does not mandate the participation of public schools or community colleges in the Fund but remains an equitable option to commercial insurance. To date, the Fund has grown to a considerable size, insuring tangible assets in excess of $22 billion of total insured values throughout the state. This includes the participation of 97 local education agencies and 28 community colleges.
At present time the Fund maintains well trained and qualified professional staff consisting of a Section Chief, Claims Manager, Accounting Specialist, Insurance Specialist, Project Assistant and Risk Control Specialists.
The Fund is mandated by North Carolina General Statute 115C-538 with the responsibility of periodic inspection of all participating insured public school and community college properties. This is accomplished by Risk Control Specialists assigned to five regions across the state. These specialists inspect in excess of 250 million square feet of public school and community college properties annually.s
"Safe Schools" are the ultimate goal of the North Carolina Public School Insurance Fund.
Please mail all correspondence for the School Insurance Fund Section to:
North Carolina Department of Public Instruction
School Insurance Fund Section
6320 Mail Service Center
Raleigh, NC 27699-6320