N.C. Gen. Stat. § 58-22-25
Compulsory association
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
(1) No risk retention group is required to join or contribute financially to any insurance insolvency or guaranty fund or similar mechanism in this State; nor shall any risk retention group or its insureds receive any benefit from any such fund for claims arising out of the operations of such risk retention group.
(1) No risk retention group is required to join or contribute financially to any insurance insolvency or guaranty fund or similar mechanism in this State; nor shall any risk retention group or its insureds receive any benefit from any such fund for claims arising out of the operations of such risk retention group.
(2) A risk retention group may be required to participate in residual market mechanisms under Articles 37 and 42 of this Chapter.
(2) A risk retention group may be required to participate in residual market mechanisms under Articles 37 and 42 of this Chapter.
History
(1987, c. 310, 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.