58-21-11. Home state.
(a) The provisions of this Article shall apply to those transactions in which North Carolina is the home state of the insured.
(b) Except as provided in subsection (c) of this section, the term "home state" means, with respect to an insured, either of the following:
(1) The state in which an insured maintains its principal place of business or, in the case of an individual, the individual's principal residence.
(2) If one hundred percent (100%) of the insured risk is located out of the state referred to in subdivision (1) of this subsection, the state to which the greatest percentage of the insured's taxable premium for that insurance contract is allocated.
(c) Affiliated Groups. - If two or more insureds from an affiliated group are named insureds on a single nonadmitted insurance contract, the term "home state" means the home state, as determined pursuant to subsection (b) of this section, of the member of the affiliated group that has the largest percentage of premium attributed to it under that insurance contract. (2011-120, s. 3.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 21 - Surplus Lines Act.
§ 58-21-2 - Relationship to other insurance laws.
§ 58-21-4 - Nonadmitted and Reinsurance Reform Act duties.
§ 58-21-5 - Purposes; necessity for regulation.
§ 58-21-15 - Placement of surplus lines insurance.
§ 58-21-16 - Streamlined application for commercial purchasers.
§ 58-21-17 - Placement with alien insurers.
§ 58-21-20 - Eligible surplus lines insurer required.
§ 58-21-21 - Nonadmitted domestic surplus lines insurer.
§ 58-21-22 - Limitation on amount of salary protection insurance.
§ 58-21-25 - Other nonadmitted insurers.
§ 58-21-30 - Withdrawal of eligibility from a surplus lines insurer.
§ 58-21-35 - Duty to file and retain reports.
§ 58-21-40 - Surplus lines regulatory support organization.
§ 58-21-45 - Evidence of the insurance; changes; penalty.
§ 58-21-50 - Duty to notify insured.
§ 58-21-55 - Valid surplus lines insurance.
§ 58-21-60 - Effect of payment to surplus lines licensee.
§ 58-21-65 - Licensing of surplus lines license.
§ 58-21-70 - Surplus lines licensees may accept business from other agents or brokers.
§ 58-21-75 - Records of surplus lines licensee.
§ 58-21-85 - Surplus lines tax.
§ 58-21-90 - Collection of tax.
§ 58-21-95 - Suspension, revocation or nonrenewal of surplus lines licensee's license.
§ 58-21-100 - Actions against surplus lines insurer; service of process.