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Downtown Durham view showing the North Carolina Mutual Life Insurance Company Headquarters. In 1965 the N.C. Mutual Life Insurance building became the tallest office building owned by African Americans in the United States. In 2006 the N.C. Mutual Life Insurance Co. building sold to a developer for only $11.4 million.
Obtaining life insurance can feel like a complicated process, especially if the thought of a medical exam puts you off. The good news is you don’t always need an exam to get covered.
Together with Dr. Aaron Moore and Charles C. Spaulding, Merrick helped increase the wealth of the “oldest and largest African American life insurance company in the United States”. [3] North Carolina Mutual was hugely successful—the company sold $4,986,344.40 of insurance and conducted business in many southern states across America. [9]
The North Carolina Mutual Life Insurance Company was founded in 1898 by a group of seven African-American men, of whom two, John Merrick and Dr. Aaron Moore, survived in the business after one year. Moore's nephew, Charles Clinton Spaulding , took charge of the business in 1900, and it thereafter grew rapidly, becoming by 1910 the nation's ...
The Fellow, Life Management Institute (FLMI) designation program, awards the FLMI designation to individuals who pass a series of 10 examinations; these insurance-focused examinations cover insurance, accounting, marketing, information systems, finance, law, management, and computers. [6]
The Albemarle Building houses the North Carolina Department of Insurance. Article III, Section 7, of the Constitution of North Carolina stipulates the popular election of the commissioner of insurance every four years. The office holder is not subject to term limits. [10] North Carolina is one of 11 states to have an elected insurance ...