58-45-70. Commissioner may examine affairs of Association.
The Commissioner may from time to time make an examination into the affairs of the Association when he deems it to be prudent and in undertaking such examination he may hold a public hearing pursuant to the provisions of G.S. 58-2-50. When making an examination under this section, the Commissioner may retain attorneys, appraisers, independent actuaries, independent certified public accountants, or other professionals and specialists as examiners, the reasonable cost of which shall be borne by the Association. Examinations shall be conducted in accordance with G.S. 58-2-131, 58-2-132, and 58-2-133. (1967, c. 1111, s. 1; 1969, c. 249; 2009-472, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 45 - Essential Property Insurance for Beach Area Property.
§ 58-45-1 - Declarations and purpose of Article.
§ 58-45-5 - Definition of terms.
§ 58-45-6 - Persons who can be insured by the Association.
§ 58-45-10 - North Carolina Insurance Underwriting Association created.
§ 58-45-15 - Powers and duties of Association.
§ 58-45-20 - Temporary directors of Association.
§ 58-45-25 - Each member of Association to participate in nonrecoupable assessments.
§ 58-45-35 - Persons eligible to apply to Association for coverage; contents of application.
§ 58-45-36 - Temporary contracts of insurance.
§ 58-45-40 - Association members may cede insurance to Association.
§ 58-45-45 - Rates, rating plans, rating rules, and forms applicable.
§ 58-45-46 - Unearned premium, loss, and loss expense reserves.
§ 58-45-55 - Reports of inspection made available.
§ 58-45-60 - Association and Commissioner immune from liability.
§ 58-45-65 - Association to file annual report with Commissioner.
§ 58-45-65.1 - Association to be audited.
§ 58-45-70 - Commissioner may examine affairs of Association.
§ 58-45-71 - Report of member companies to Commissioner.
§ 58-45-75 - Commissioner authorized to promulgate reasonable rules and regulations.
§ 58-45-80 - Premium taxes to be paid through Association.
§ 58-45-85 - Assessment; inability to pay.