58-15-110. Deposit in lieu of bond.
Instead of filing the bond required by G.S. 58-15-105, the attorney may maintain on deposit with the Commissioner an equal amount in cash or in value of securities of the kind specified in G.S. 58-5-20 and subject to the same conditions as the bond. (1989, c. 425, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 15 - Reciprocal Insurance.
§ 58-15-10 - Kinds of insurance.
§ 58-15-15 - Risk limitations.
§ 58-15-20 - Eligible contracting persons.
§ 58-15-30 - License, surplus, and deposit requirements.
§ 58-15-35 - Continuation of business under prior requirements.
§ 58-15-40 - Certification of foreign and alien reciprocals.
§ 58-15-45 - Attorney's domicile.
§ 58-15-50 - Contracts and property.
§ 58-15-55 - Insurance producer license.
§ 58-15-60 - Subscribers' contingent liability.
§ 58-15-65 - Nonassessable policies.
§ 58-15-70 - Distribution to subscribers.
§ 58-15-85 - Service of process.
§ 58-15-90 - Legal proceedings.
§ 58-15-95 - Liability on judgments.
§ 58-15-100 - Declaration for license.
§ 58-15-105 - Attorney's bond.
§ 58-15-110 - Deposit in lieu of bond.
§ 58-15-115 - Advisory committee.
§ 58-15-120 - Subscriber's agreement and power of attorney.
§ 58-15-125 - Modification of subscriber's agreement and power of attorney.
§ 58-15-130 - Advance of funds.
§ 58-15-140 - Duration of liability for assessment.
§ 58-15-145 - Distribution of assets after liquidation.
§ 58-15-150 - Financial impairment; assessment; liquidation.