58-19-55. Receivership.
Whenever it appears to the Commissioner that any person has committed a violation of this Article that so impairs the financial condition of a domestic insurer as to threaten insolvency or make the further transaction of business by it hazardous to its policyholders, creditors, shareholders, or the public, then the Commissioner may proceed as provided in Article 30 of this Chapter. (1989, c. 722, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 19 - Insurance Holding Company System Regulatory Act.
§ 58-19-1 - Findings; purpose; legislative intent.
§ 58-19-2 - Compliance with federal law.
§ 58-19-10 - Affiliates or subsidiaries of insurers.
§ 58-19-15 - Acquisition of control of or merger with domestic insurer.
§ 58-19-17 - Foreign or alien insurer's report of change of control.
§ 58-19-25 - Registration of insurers.
§ 58-19-30 - Standards and management of an insurer within an insurance holding company system.
§ 58-19-37 - Supervisory colleges.
§ 58-19-38 - Group-wide supervision of internationally active insurance groups.
§ 58-19-40 - Confidential treatment.
§ 58-19-65 - Revocation or suspension of insurer's license.
§ 58-19-70 - Judicial review; mandatory injunction or writ of mandamus.
§ 58-19-75 - Forms general requirements.
§ 58-19-80 - Forms incorporation by reference, summaries and omissions.
§ 58-19-85 - Forms information unknown or unavailable and extension of time to furnish.