58-5-110. Registration of bonds deposited in name of Treasurer or Commissioner.
The Commissioner is hereby empowered, upon the written consent of any insurance company depositing with the Commissioner or the State Treasurer under any law of this State, any state, county, city, or town bonds or notes which are payable to bearer, to cause such bonds or notes to be registered as to the principal thereof in lawful books of registry kept by or in behalf of the issuing state, county, city or town, such registration to be in the name of the Treasurer of North Carolina or the Commissioner in trust for the company depositing the notes or bonds and the State of North Carolina, as their respective interest may appear, and is further empowered to require of any and all such companies the filing of written consent to such registration as a condition precedent to the right of making any such deposit or right to continue any such deposit heretofore made. (1925, c. 145, s. 2; 1945, c. 384; 1985, c. 666, s. 58; 1991, c. 720, s. 4.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 5 - Deposits and Bonds by Insurance Companies.
§ 58-5-1 - Deposits; use of master trust.
§ 58-5-5 - Amount of deposits required of foreign or alien fire and/or marine insurance companies.
§ 58-5-15 - Minimum deposit required upon admission.
§ 58-5-25 - Replacements upon depreciation of securities.
§ 58-5-30 - Power of attorney.
§ 58-5-35 - Securities held by Treasurer; faith of State pledged therefor; nontaxable.
§ 58-5-40 - Authority to increase deposit.
§ 58-5-50 - Deposits of foreign life insurance companies.
§ 58-5-55 - Deposits of capital and surplus by domestic insurance companies.
§ 58-5-63 - Interest; liquidation of deposits for liabilities.
§ 58-5-70 - Lien of policyholders; action to enforce.
§ 58-5-71 - Liens of policyholders; subordination.
§ 58-5-75 - Substitution for securities paid.
§ 58-5-80 - Return of deposits.
§ 58-5-90 - Deposits held in trust by Commissioner or Treasurer.
§ 58-5-95 - Deposits subject to approval and control of Commissioner.
§ 58-5-100 - Deposits by alien companies required and regulated.
§ 58-5-105 - Deposits by life companies not chartered in United States.
§ 58-5-110 - Registration of bonds deposited in name of Treasurer or Commissioner.