No real estate title insurance company shall guarantee or insure in any one risk on real property located in North Carolina more than forty percent (40%) of its combined capital and surplus without first having the approval of the Commissioner, which approval shall be endorsed upon the policy.
N.C. Gen. Stat. § 58-26-15
Limitation of risk
1945, c. 386; 1967, c. 936; 1993, c. 504, s. 18.
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.