58-36-60. Payment of dividends not prohibited or regulated; plan for payment into rating system.
Nothing in this Article will be construed to prohibit or regulate the payment of dividends, savings, or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members, or subscribers. Individual policyholder loss experience may be considered as a factor in determining dividends for workers' compensation insurance and employers' liability insurance written in connection therewith. A plan for the payment of dividends, savings, or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members, or subscribers will not be deemed a rating plan or system. (1979, c. 824, s. 6; 1983, c. 374, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 36 - North Carolina Rate Bureau.
§ 58-36-1 - North Carolina Rate Bureau created.
§ 58-36-2 - Private passenger motor vehicles; number of nonfleet policies.
§ 58-36-10 - Method of rate making; factors considered.
§ 58-36-15 - Filing loss costs, rates, plans with Commissioner; public inspection of filings.
§ 58-36-17 - Bureau to share information with the North Carolina Industrial Commission.
§ 58-36-20 - Disapproval; hearing, order; adjustment of premium, review of filing.
§ 58-36-25 - Appeal of Commissioner's order.
§ 58-36-35 - Appeal to Commissioner from decision of Bureau.
§ 58-36-40 - Existing rates, rating systems, territories, classifications and policy forms.
§ 58-36-45 - Notice of coverage or rate change.
§ 58-36-60 - Payment of dividends not prohibited or regulated; plan for payment into rating system.
§ 58-36-70 - Rate filings and hearings for motor vehicle insurance.
§ 58-36-80 - Coverage for damage to rental vehicles authorized.
§ 58-36-85 - Termination of a nonfleet private passenger motor vehicle insurance policy.
§ 58-36-87 - Affiliate transfer of policies.
§ 58-36-95 - Use of nonoriginal crash repair parts.
§ 58-36-105 - Certain workers' compensation insurance policy cancellations prohibited.