58-42-10. Persons required to participate.
(a) Each plan shall require participation:
(1) By all insurers licensed in this State to write the kinds of insurance covered by the specific plan;
(2) By all agents licensed to represent those insurers for that kind of insurance; and
(3) By every statistical organization that makes rates for that kind of insurance.
(b) The Commissioner shall exclude from each plan any person if participation would impair the solvency of that person. (1986, Ex. Sess., c. 7, s. 1; 1999-114, s. 1; 2005-210, s. 21.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 42 - Mandatory or Voluntary Risk Sharing Plans.
§ 58-42-1 - Establishment of plans.
§ 58-42-5 - Purposes, contents, and operation of risk sharing plans.
§ 58-42-10 - Persons required to participate.
§ 58-42-15 - Voluntary participation.
§ 58-42-20 - Classification and rates.
§ 58-42-25 - Basis for participation.
§ 58-42-30 - Duty to provide information.
§ 58-42-35 - Provision of marketing facilities.
§ 58-42-40 - Voluntary risk sharing plans.
§ 58-42-45 - Article subject to Administrative Procedure Act; legislative oversight of plans.
§ 58-42-50 - Immunity of Commissioner and plan participants.