N.C. Gen. Stat. § 58-7-172
Cash and deposits
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
An insurer may have funds in coin or currency of the United States on hand or on deposit in any solvent national or state bank, savings and loan association, credit union, or trust company.
An insurer may have funds in coin or currency of the United States on hand or on deposit in any solvent national or state bank, savings and loan association, credit union, or trust company.
History
(1991, c. 681, s. 29; 2011-221, s. 5.)
Effect of Amendments. - Session Laws 2011-221, s. 5, effective October 1, 2011, inserted "credit union."
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.