What Verdica's 778 score means for Insurance Producer 48
Insurance Producer 48 in North Carolina has earned a Verdica composite score of 778 out of 850, placing it in the "strong" band (740–799). This score reflects a compliance and financial profile above the midline but not in the highest tier. A score in this range indicates that the producer has demonstrated reasonably sound operational practices, manageable complaint activity relative to industry peers, and solid financial footing—but there remain areas where performance could improve further or where oversight remains necessary.
For a business owner or individual seeking insurance services, a 778 score signals a provider worth considering, though not without the due diligence steps outlined below. The score is built on three regulatory dimensions: financial strength, complaint ratios, and regulatory actions. Together, they paint a picture of operational stability and customer-handling practices, derived from data submitted to and tracked by the National Association of Insurance Commissioners (NAIC). No independent customer reviews have been indexed yet, so the score rests entirely on regulatory indicators rather than consumer feedback.
How the sub-scores break down
Financial Strength (700 / 850): This sub-score reflects Insurance Producer 48's capital adequacy, liquidity, and balance sheet health as reported through NAIC filings and state regulatory submissions. A score of 700 places this dimension in the acceptable-to-strong range, meaning the producer maintains sufficient reserves and financial capacity to meet its obligations to policyholders and counterparties. A lower financial strength score would suggest deteriorating reserves or cash flow concerns; a higher score would indicate exceptional margin and growth stability.
Complaints (800 / 850): This sub-score is derived from NAIC complaint ratio data, which normalizes the volume of customer complaints against the producer's volume of business written. A score of 800 indicates that complaint frequency is relatively low compared to peer producers in the state. This suggests the producer resolves disputes promptly or generates fewer disputes in the first place. However, it is not a perfect score, implying some level of complaint activity exists within the portfolio—typical for any active insurance business.
Regulatory Actions (850 / 850): This is the producer's strongest dimension. A perfect score here means no material licensing suspensions, enforcement orders, or significant regulatory sanctions have been recorded in the NAIC database or North Carolina Department of Insurance files. It reflects clean compliance standing and adherence to producer conduct rules and licensing requirements.
What regulators in NC track for insurance providers
North Carolina's insurance regulators, operating under the NAIC framework, monitor insurance producers along several key metrics. Complaint ratios measure how many substantiated complaints (contract disputes, misrepresentation, failure to deliver, premium handling errors) a producer receives per unit of premium volume. Ratios that exceed peer averages may trigger investigations.
Financial strength ratings are based on statutory financial statements filed annually, which detail reserves, capital, receivables, and liabilities. Regulators look for trends in these figures to identify solvency risk early.
Regulatory actions include license denials, suspensions, revocations, and cease-and-desist orders issued when a producer violates North Carolina insurance laws—such as rules on unfair methods, deceptive practices, continuing education requirements, or trust account handling.
These metrics move a producer's score up or down based on improvement or deterioration in each area. A major violation or a spike in complaints will lower the score; consistent compliance and low complaint ratios will strengthen it.
Bottom line
Insurance Producer 48 presents a strong regulatory profile suitable for most business needs, with no major red flags in regulatory history and manageable complaint activity. Before engaging, verify current licensure status through the North Carolina Department of Insurance website, confirm the producer's specific lines of authority match your insurance needs, and request references—particularly since no indexed customer reviews exist yet to supplement the regulatory score.