58-24-100. Investments.
A society shall invest its funds only in investments that are authorized by the laws of this State for the investment of assets of life insurers and subject to the limitations thereon. Any foreign or alien society permitted or seeking to do business in this State must comply in substance with the investment requirements and limitations imposed by Article 7 of this Chapter and applicable to life insurers; provided, that any society that invests its funds in accordance with the laws of the state, district, territory, country, or province in which it is incorporated, shall thereby be deemed to be in compliance with the investment requirements and limitations for a period of two years from January 1, 1988. (1987, c. 483, s. 2; 1995, c. 193, s. 29.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 24 - Fraternal Benefit Societies.
§ 58-24-1 - Fraternal benefit societies.
§ 58-24-10 - Representative form of government.
§ 58-24-20 - Purposes and powers.
§ 58-24-25 - Qualifications for membership.
§ 58-24-30 - Location of office, meetings, communications to members, grievance procedures.
§ 58-24-35 - No personal liability.
§ 58-24-50 - Amendments to laws.
§ 58-24-65 - Consolidations and mergers.
§ 58-24-70 - Conversion of fraternal benefit society into mutual life insurance company.
§ 58-24-85 - Benefits not attachable.
§ 58-24-90 - The benefit contract.
§ 58-24-95 - Nonforfeiture benefits, cash surrender values, certificate loans and other options.
§ 58-24-130 - Perpetual license.
§ 58-24-135 - Examination of societies; no adverse publications.
§ 58-24-140 - Foreign or alien society Admission.
§ 58-24-145 - Injunction - Liquidation - Receivership of domestic society.
§ 58-24-150 - Suspension, revocation or refusal of license of foreign or alien society.
§ 58-24-160 - Licensing of agents.
§ 58-24-165 - Unfair methods of competition and unfair and deceptive acts and practices.
§ 58-24-170 - Service of process.
§ 58-24-185 - Exemption of certain societies, orders, and associations.