Which of the following describes an "eligible risk" for the North Carolina Motor Vehicle Reinsurance Facility?

An "eligible risk" for the North Carolina Motor Vehicle Reinsurance Facility refers to individuals or entities that qualify for coverage under this facility due to specific criteria set by the facility itself. The correct choice indicates that the individual must have a North Carolina driver's license, which establishes residency and the legal permission to drive within the state. This is a fundamental requirement since the facility was created to provide insurance options for high-risk drivers who may have difficulty obtaining coverage through standard insurers.

In terms of the other options, minors are generally not the primary holders of a vehicle insurance policy, and being a minor would not fit the definition of an eligible risk. Individuals who reside in another state would not typically be covered because the facility focuses on those who are subject to North Carolina's motor vehicle laws. Similarly, owning a business in North Carolina does not directly pertain to personal vehicle insurance eligibility unless the vehicle itself is part of the business’s operation. Thus, requiring a North Carolina driver's license is central to qualifying for the facility, aligning with the intent of ensuring local compliance and coverage for residents who might struggle to obtain insurance through typical channels.