N.C. Gen. Stat. § 58-16-6
Conditions of continued licensure
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
In order for a foreign insurance company to continue to be licensed, it shall report any changes in the documents filed under G.S. 58-16-5(1) or G.S. 58-16-5(5); maintain the amounts of capital and surplus specified in G.S. 58-16-5(2); and remain in compliance with G.S. 58-16-5(6), (7), and (8) and with G.S. 58-7-46.
In order for a foreign insurance company to continue to be licensed, it shall report any changes in the documents filed under G.S. 58-16-5(1) or G.S. 58-16-5(5); maintain the amounts of capital and surplus specified in G.S. 58-16-5(2); and remain in compliance with G.S. 58-16-5(6), (7), and (8) and with G.S. 58-7-46.
History
(1995, c. 517, s. 7; 2001-223, s. 14.2; 2005-215, s. 13.)
Effect of Amendments. - Session Laws 2005-215, s. 13, effective July 20, 2005, deleted "substantial" preceding "compliance" and "the statutes listed in" preceding "G.S. 58-16-5(6)," added "and with G.S. 58-7-46 " and made two minor punctuation changes.
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.