58-15-125. Modification of subscriber's agreement and power of attorney.
Modification of the terms of the subscriber's agreement and the power of attorney of a domestic reciprocal shall be made jointly by the attorney and the subscriber's advisory committee. No modification is retroactive nor does it affect any insurance contract issued prior to the modification. (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.