20-279.33. Self-insurers.
(a) Any person in whose name more than 25 motor vehicles are registered may qualify as a self-insurer by obtaining a certificate of self-insurance issued by the Commissioner as provided in subsection (b) of this section. For the purpose of this Article, the State of North Carolina shall be considered a self-insurer.
(b) The Commissioner may, in his discretion, upon the application of such a person, issue a certificate of self-insurance when he is satisfied that such person is possessed and will continue to be possessed of ability to pay judgments obtained against such person.
(c) Upon not less than five days' notice and a hearing pursuant to such notice, the Commissioner may upon reasonable grounds cancel a certificate of self-insurance. Failure to pay any judgment within 30 days after such judgment shall have become final shall constitute a reasonable ground for the cancellation of a certificate of self-insurance. (1953, c. 1300, s. 33.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 9A - Motor Vehicle Safety and Financial Responsibility Act of 1953.
§ 20-279.2 - Commissioners to administer Article; appeal to court.
§ 20-279.3 - Commissioner to furnish operating record.
§ 20-279.6 - Further exceptions to requirement of security.
§ 20-279.7 - Duration of suspension.
§ 20-279.7A - Forms to carry statement concerning perjury.
§ 20-279.9 - Form and amount of security.
§ 20-279.10 - Custody, disposition and return of security; escheat.
§ 20-279.11 - Matters not to be evidence in civil suits.
§ 20-279.12 - Courts to report nonpayment of judgments.
§ 20-279.13 - Suspension for nonpayment of judgment; exceptions.
§ 20-279.14 - Suspension to continue until judgments satisfied.
§ 20-279.15 - Payment sufficient to satisfy requirements.
§ 20-279.16 - Installment payment of judgments; default.
§ 20-279.18 - Alternate methods of giving proof.
§ 20-279.19 - Certificate of insurance as proof.
§ 20-279.20 - Certificate furnished by nonresident as proof.
§ 20-279.21 - "Motor vehicle liability policy" defined.
§ 20-279.22 - Notice of cancellation or termination of certified policy.
§ 20-279.23 - Article not to affect other policies.
§ 20-279.25 - Money or securities as proof.
§ 20-279.26 - Owner may give proof for others.
§ 20-279.27 - Substitution of proof.
§ 20-279.28 - Other proof may be required.
§ 20-279.29 - Duration of proof; when proof may be canceled or returned.
§ 20-279.30 - Surrender of license.
§ 20-279.31 - Other violations; penalties.
§ 20-279.32A - Exception of school bus drivers.
§ 20-279.33A - Religious organizations; self-insurance.
§ 20-279.35 - Supplemental to motor vehicle laws; repeal of laws in conflict.
§ 20-279.36 - Past application of Article.
§ 20-279.37 - Article not to prevent other process.