N.C. Gen. Stat. § 58-10-120
Definitions
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
As used in this Part:
As used in this Part:
(1) "Mortgage guaranty insurers report of policyholders position" means the supplementary report required by the Commissioner.
(1) “Mortgage guaranty insurers report of policyholders position” means the supplementary report required by the Commissioner.
(2) "Policyholders position" means the contingency reserve established under G.S. 58-10-135 and policyholders' surplus. "Minimum policyholders position" is calculated as described in G.S. 58-10-125.
(2) “Policyholders position” means the contingency reserve established under G.S. 58-10-135 and policyholders’ surplus. “Minimum policyholders position” is calculated as described in G.S. 58-10-125.
(3) "Policyholders surplus" means an insurer's net worth; the difference between its assets and liabilities, as reported in its annual statement.
(3) “Policyholders surplus” means an insurer’s net worth; the difference between its assets and liabilities, as reported in its annual statement.
History
(2001-223, s. 11; 2005-215, s. 11.)
Effect of Amendments. - Session Laws 2005-215, s. 11, effective October 1, 2005, deleted "annual" preceding "supplementary" in subdivision (1).
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.