58-37-20. Merger, consolidation or cession.
When a member has been merged or consolidated into another insurer, or has reinsured its entire motor vehicle liability insurance business in the State with another insurer, such company or its successor in interest shall remain liable for all obligations hereunder and such company and its successor in interest and the other insurers with which it has been merged or consolidated shall continue to participate in the Facility according to the rules of operation. (1973, c. 818, s. 1; 1977, c. 828, s. 13.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 37 - North Carolina Motor Vehicle Reinsurance Facility.
§ 58-37-5 - North Carolina Motor Vehicle Reinsurance Facility; creation; membership.
§ 58-37-10 - Obligations after termination of membership.
§ 58-37-20 - Merger, consolidation or cession.
§ 58-37-25 - General obligations of insurers.
§ 58-37-30 - General obligations of insurance producers.
§ 58-37-35 - The Facility; functions; administration.
§ 58-37-40 - Plan of operation.
§ 58-37-45 - Procedure for cession provided in plan of operation.
§ 58-37-50 - Termination of insurance.
§ 58-37-55 - Exemption from requirements of this Article of companies and their agents.