58-26-15. Limitation of risk.
No real estate title insurance company shall guarantee or insure in any one risk on real property located in North Carolina more than forty percent (40%) of its combined capital and surplus without first having the approval of the Commissioner, which approval shall be endorsed upon the policy. (1945, c. 386; 1967, c. 936; 1993, c. 504, s. 18.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 26 - Real Estate Title Insurance Companies.
§ 58-26-5 - Certificate of authority to do business.
§ 58-26-6 - Exemption for policies issued on property affected by boundary certification.
§ 58-26-10 - Financial statements and licenses required.
§ 58-26-15 - Limitation of risk.
§ 58-26-20 - Statutory premium reserve.