N.C. Gen. Stat. § 58-10-360
Designation of captive manager
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
Before licensing, the applicant business entity shall report in writing to the Commissioner the name and address of any captive manager designated to manage the captive insurance company. The Commissioner shall approve the captive manager and may require the submission of additional information regarding the proposed captive manager in a form and manner as the Commissioner may designate.
Before licensing, the applicant business entity shall report in writing to the Commissioner the name and address of any captive manager designated to manage the captive insurance company. The Commissioner shall approve the captive manager and may require the submission of additional information regarding the proposed captive manager in a form and manner as the Commissioner may designate.
History
(2013-116, s. 1; 2014-65, s. 3; 2015-99, s. 1.)
Effect of Amendments. - Session Laws 2014-65, s. 3, effective July 1, 2014, substituted "the applicant business entity" for "captive insurance companies" near the beginning of the section.
Session Laws 2015-99, s. 1, effective June 19, 2015, substituted "any captive manager" for "the manager" in the first sentence.
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.