58-20-10. Commercial Fishermen Hull Insurance, and Protection and Indemnity Clubs authorized.
In addition to other authority granted under Articles 1 through 64 of this Chapter, ten or more commercial fishermen who are members of an association may enter into contracts or agreements under this Article for the joint protection and retention of their risk for Hull Insurance, and Protection and Indemnity, and for the payment of losses or claims made against any member. Any group of commercial fishermen intending to organize and operate a Club under this Article shall give the Commissioner 30 days' advance written notification of its intention in a form prescribed by the Commissioner. (1987, c. 330.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 20 - Hull Insurance, and Protection and Indemnity Clubs.
§ 58-20-10 - Commercial Fishermen Hull Insurance, and Protection and Indemnity Clubs authorized.
§ 58-20-15 - Board of trustees.
§ 58-20-20 - Mutual agreement for indemnification.
§ 58-20-25 - Termination of Club membership; notice.
§ 58-20-30 - Financial monitoring and evaluation of clubs.
§ 58-20-35 - Insolvency or impairment of Club.
§ 58-20-40 - Immunity of administrators and boards of trustees.