A domestic mutual insurance company may apply to reorganize by merging its policyholders' membership interests into a mutual insurance holding company by filing with the Commissioner a joint application with the mutual insurance holding company complying with the provisions of G.S. 58-10-285.
N.C. Gen. Stat. § 58-10-305
Reorganization of domestic mutual insurer with mutual insurance holding company
Known as the North Carolina Captive Insurance Act
The act spans §§ 58–58 (145 sections).
2012-161, s. 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.