58-21-30. Withdrawal of eligibility from a surplus lines insurer.
If at any time the Commissioner has reason to believe that an eligible surplus lines insurer:
(1) Is in unsound financial condition or has acted in an untrustworthy manner,
(2) Is no longer eligible under G.S. 58-21-20,
(3) Has willfully violated the laws of this State, or
(4) Does not make reasonably prompt payment of just losses and claims in this State or elsewhere, the Commissioner may declare it ineligible. The Commissioner shall promptly mail notice of all such declarations to each surplus lines licensee. (1985, c. 688, s. 1; 2001-223, s. 17.2.)
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.