58-11-30. Revocation of license.
If any such corporation, association, or order at any time fails to comply with the provisions of G.S. 58-11-20 and 58-11-25 or shall issue policies or certificates not in accord with its charter and bylaws, as provided in this Article, the Commissioner shall forthwith suspend or revoke all authority to it, and of all its agents or officers, to do business in this State, and shall publish such revocation in some newspaper published in this State. (1899, c. 54, s. 85; Rev., s. 4793; C.S., s. 6362; 1991, c. 720, s. 4.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 11 - Assessment Companies.
§ 58-11-1 - Copies of charter and bylaws filed.
§ 58-11-5 - Contracts must accord with charter and bylaws.
§ 58-11-10 - "Assessment plan" printed on application and policy.
§ 58-11-15 - Revocation for noncompliance.
§ 58-11-20 - Deposits and advance assessments required.
§ 58-11-25 - Deposits by foreign assessment companies or orders.
§ 58-11-30 - Revocation of license.
§ 58-11-35 - Mutual life insurance companies; assessments prohibited.