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§ 58-10-1 - Stock to mutual insurer conversion. - 58-10-1. Stock to mutual insurer conversion. Any domestic stock life...
§ 58-10-5 - Stock acquired to be turned over to voting trust until all stock acquired; dividends repaid to corporation for beneficiaries. - 58-10-5. Stock acquired to be turned over to voting trust...
§ 58-10-10 - Mutual to stock insurer conversion. - 58-10-10. Mutual to stock insurer conversion. (a) A domestic mutual...
§ 58-10-12 - Conversion plan requirements. - 58-10-12. Conversion plan requirements. (a) As used in this section:...
§ 58-10-20 - Scope. - 58-10-20. Scope. (a) This Part applies to any licensed insurer...
§ 58-10-25 - Definitions. - 58-10-25. Definitions. (a) As used in this Part: (1) Assuming...
§ 58-10-30 - Notice requirements. - 58-10-30. Notice requirements. (a) The transferring insurer shall provide or...
§ 58-10-35 - Policyholder rights. - 58-10-35. Policyholder rights. (a) Policyholders may reject the transfer and...
§ 58-10-40 - Effect of consent. - 58-10-40. Effect of consent. If a policyholder consents to the...
§ 58-10-45 - Commissioner's discretion. - 58-10-45. Commissioner's discretion. If a domestic insurer or a foreign...
§ 58-10-55 - Report. - 58-10-55. Report. (a) This Part applies only to domestic insurers....
§ 58-10-60 - Acquisitions and dispositions of assets. - 58-10-60. Acquisitions and dispositions of assets. (a) Insurers do not...
§ 58-10-65 - Nonrenewals, cancellations, or revisions of ceded reinsurance agreements. - 58-10-65. Nonrenewals, cancellations, or revisions of ceded reinsurance agreements. (a)...
§ 58-10-75 - Purpose and legislative intent. - 58-10-75. Purpose and legislative intent. This Part provides a basis...
§ 58-10-80 - Definitions. - 58-10-80. Definitions. As used in this Part, unless the context...
§ 58-10-85 - Establishment of protected cells. - 58-10-85. Establishment of protected cells. (a) A protected cell company...
§ 58-10-90 - Use and operation of protected cells. - 58-10-90. Use and operation of protected cells. (a) The protected...
§ 58-10-95 - Reach of creditors and other claimants. - 58-10-95. Reach of creditors and other claimants. (a) Protected cell...
§ 58-10-100 - Conservation, rehabilitation, or liquidation of protected cell companies. - 58-10-100. Conservation, rehabilitation, or liquidation of protected cell companies. (a)...
§ 58-10-105 - No transaction of an insurance business. - 58-10-105. No transaction of an insurance business. A protected cell...
§ 58-10-110 - Authority to adopt rules. - 58-10-110. Authority to adopt rules. The Commissioner may adopt rules...
§ 58-10-120 - Definitions. - 58-10-120. Definitions. As used in this Part: (1) "Mortgage guaranty...
§ 58-10-125 - Policyholders position and capital and surplus requirements. - 58-10-125. Policyholders position and capital and surplus requirements. (a) For...
§ 58-10-130 - Unearned premium reserve. - 58-10-130. Unearned premium reserve. (a) The unearned premium reserve shall...
§ 58-10-135 - Contingency reserve for mortgage guaranty insurers. - 58-10-135. Contingency reserve for mortgage guaranty insurers. (a) Subject to...
§ 58-10-140 - Report of policyholder's position. - 58-10-140. Report of policyholder's position. Each mortgage guaranty insurance company...
§ 58-10-145 - Monoline requirement for mortgage guaranty insurers. - 58-10-145. Monoline requirement for mortgage guaranty insurers. A mortgage guaranty...
§ 58-10-150 - Statement of actuarial opinion. - 58-10-150. Statement of actuarial opinion. Every property and casualty insurance...
§ 58-10-155 - Actuarial opinion summary. - 58-10-155. Actuarial opinion summary. (a) Every property and casualty insurance...
§ 58-10-160 - Actuarial report and work papers. - 58-10-160. Actuarial report and work papers. (a) An actuarial report...
§ 58-10-165 - Monetary penalties for failure to provide documents. - 58-10-165. Monetary penalties for failure to provide documents. A company...
§ 58-10-170 - Qualified immunity of appointed actuary. - 58-10-170. Qualified immunity of appointed actuary. The appointed actuary shall...
§ 58-10-175 - Confidentiality. - 58-10-175. Confidentiality. (a) The statement of actuarial opinion shall be...
§ 58-10-185 - Purpose and scope. - 58-10-185. Purpose and scope. (a) The purpose of this Part...
§ 58-10-190 - Definitions. - 58-10-190. Definitions. As used in this Part: (1) "Accountant" or...
§ 58-10-195 - General requirements related to filing and extensions for filing of annual audited financial reports and audit committee appointment. - 58-10-195. General requirements related to filing and extensions for filing...
§ 58-10-200 - Contents of annual audited financial report. - 58-10-200. Contents of annual audited financial report. (a) The annual...
§ 58-10-205 - Designation of independent certified public accountant. - 58-10-205. Designation of independent certified public accountant. (a) Each insurer...
§ 58-10-210 - Qualifications of independent certified public accountant. - 58-10-210. Qualifications of independent certified public accountant. (a) The Commissioner...
§ 58-10-215 - Consolidated or combined audits. - 58-10-215. Consolidated or combined audits. An insurer may make written...
§ 58-10-220 - Scope of audit and report of independent certified public accountant. - 58-10-220. Scope of audit and report of independent certified public...
§ 58-10-225 - Notification of adverse financial condition. - 58-10-225. Notification of adverse financial condition. (a) The insurer required...
§ 58-10-230 - Communication of internal control related matters noted in an audit. - 58-10-230. Communication of internal control related matters noted in an...
§ 58-10-235 - Accountant's letter of qualifications. - 58-10-235. Accountant's letter of qualifications. The accountant shall furnish the...
§ 58-10-240 - Definition, availability, and maintenance of independent certified public accountants' work papers. - 58-10-240. Definition, availability, and maintenance of independent certified public accountants'...
§ 58-10-245 - Requirements for audit committees. - 58-10-245. Requirements for audit committees. (a) This section shall not...
§ 58-10-246 - Internal audit function requirements. - 58-10-246. Internal audit function requirements. (a) Exemption. - An insurer...
§ 58-10-250 - Conduct of insurer in connection with the preparation of required reports and documents. - 58-10-250. Conduct of insurer in connection with the preparation of...
§ 58-10-255 - Management's report of internal control over financial reporting. - 58-10-255. Management's report of internal control over financial reporting. (a)...
§ 58-10-260 - Exemptions and effective dates. - 58-10-260. Exemptions and effective dates. (a) Upon written application of...
§ 58-10-265 - Canadian and British companies. - 58-10-265. Canadian and British companies. (a) In the case of...
§ 58-10-275 - Definitions. - 58-10-275. Definitions. The following definitions apply in this Part: (1)...
§ 58-10-280 - General provisions. - 58-10-280. General provisions. (a) A domestic mutual insurance company, upon...
§ 58-10-285 - Application; contents; process. - 58-10-285. Application; contents; process. (a) An application shall be designated...
§ 58-10-290 - Plan of reorganization. - 58-10-290. Plan of reorganization. (a) A limited application plan of...
§ 58-10-295 - Powers of the Commissioner. - 58-10-295. Powers of the Commissioner. (a) The Commissioner shall at...
§ 58-10-300 - Special financial requirements. - 58-10-300. Special financial requirements. (a) Mutual insurance holding companies and...
§ 58-10-305 - Reorganization of domestic mutual insurer with mutual insurance holding company. - 58-10-305. Reorganization of domestic mutual insurer with mutual insurance holding...
§ 58-10-310 - Mergers of mutual insurance holding companies. - 58-10-310. Mergers of mutual insurance holding companies. A mutual insurance...
§ 58-10-315 - Stock offerings. - 58-10-315. Stock offerings. (a) No stock offering by a mutual...
§ 58-10-320 - Regulation of holding company system. - 58-10-320. Regulation of holding company system. (a) All material transactions,...
§ 58-10-325 - Reporting of stock ownership and transactions. - 58-10-325. Reporting of stock ownership and transactions. (a) Any director...
§ 58-10-335 - Purpose. - 58-10-335. Purpose. (a) This Part shall be known and may...
§ 58-10-340 - Definitions. - 58-10-340. Definitions. The following definitions apply in this Part: (1)...
§ 58-10-345 - Licensing; authority; confidentiality. - 58-10-345. Licensing; authority; confidentiality. (a) Any business entity, when permitted...
§ 58-10-347 - Provisional approval for a license. - 58-10-347. Provisional approval for a license. (a) At the Commissioner's...
§ 58-10-350 - Commissioner use of consultants and other professionals. - 58-10-350. Commissioner use of consultants and other professionals. The Commissioner...
§ 58-10-355 - Organizational audit. - 58-10-355. Organizational audit. In addition to the processing of the...
§ 58-10-360 - Designation of captive manager. - 58-10-360. Designation of captive manager. Before licensing, the applicant business...
§ 58-10-365 - Names of companies. - 58-10-365. Names of companies. No applicant business entity or captive...
§ 58-10-370 - Capital and surplus requirements. - 58-10-370. Capital and surplus requirements. (a) No applicant business entity...
§ 58-10-375 - Dividends and distributions. - 58-10-375. Dividends and distributions. No captive insurance company shall pay...
§ 58-10-380 - Formation of captive insurance companies. - 58-10-380. Formation of captive insurance companies. (a) A pure captive...
§ 58-10-385 - Governing board members, officers, and employees. - 58-10-385. Directors. (a) Every captive insurance company shall report to...
§ 58-10-390 - Conflict of interest. - 58-10-390. Conflict of interest. (a) Each captive insurance company licensed...
§ 58-10-395 - Plan of operation change. - 58-10-395. Plan of operation change. (a) Any material change in...
§ 58-10-400 - Insurance manager and intermediaries. - 58-10-400. Insurance manager and intermediaries. No person shall act in...
§ 58-10-405 - Annual reports. - 58-10-405. Annual reports. (a) No captive insurance company shall be...
§ 58-10-415 - Annual audit and statement of actuarial opinion. - 58-10-415. Annual audit and statement of actuarial opinion. (a) All...
§ 58-10-420 - Independent certified public accountants. - 58-10-420. Independent certified public accountants. (a) A captive insurance company,...
§ 58-10-425 - Deposit requirement. - 58-10-425. Deposit requirement. (a) The Commissioner may require a captive...
§ 58-10-430 - Audits and Financial Analysis. - 58-10-430. Audits. (a) Whenever the Commissioner determines it to be...
§ 58-10-435 - License suspension or revocation. - 58-10-435. License suspension or revocation. (a) The license of a...
§ 58-10-440 - Investment requirements. - 58-10-440. Investment requirements. (a) Except as may be otherwise authorized...
§ 58-10-445 - Reinsurance. - 58-10-445. Reinsurance. (a) Any captive insurance company may provide reinsurance...
§ 58-10-450 - Membership in rating organizations; exemption from compulsory associations. - 58-10-450. Membership in rating organizations; exemption from compulsory associations. (a)...
§ 58-10-455 - Taxation. - 58-10-455. Taxation. A captive insurance company is taxed in accordance...
§ 58-10-460 - Adoption and amendment of rules by Commissioner. - 58-10-460. Adoption and amendment of rules by Commissioner. The Commissioner...
§ 58-10-465 - Applicable provisions. - 58-10-465. Applicable provisions. (a) No provisions of this Chapter, other...
§ 58-10-475 - Supervision; rehabilitation; liquidation. - 58-10-475. Supervision; rehabilitation; liquidation. Except as otherwise provided in this...
§ 58-10-480 - Authority for expenditure of public funds. - 58-10-480. Authority for expenditure of public funds. Any municipality, county,...
§ 58-10-485 - Violations and penalties. - 58-10-485. Violations and penalties. (a) If, after providing the opportunity...
§ 58-10-490 - Inactive captive insurance companies. - 58-10-490. Inactive captive insurance companies. (a) As used in this...
§ 58-10-495 - Captive insurance companies reinsuring life insurance policies. - 58-10-495. Captive insurance companies reinsuring life insurance policies. (a) A...
§ 58-10-496 - Waiver or modification. - 58-10-496. Waiver or modification. The Commissioner may waive or modify...
§ 58-10-500 - Forming a protected cell captive insurance company. - 58-10-500. Forming a protected cell captive insurance company. (a) One...
§ 58-10-505 - Additional filing requirements for applicant protected cell captive insurance companies. - 58-10-505. Additional filing requirements for applicant protected cell captive insurance...
§ 58-10-510 - Establishment of protected cells. - 58-10-510. Establishment of protected cells. (a) A protected cell captive...
§ 58-10-512 - Incorporated protected cells. - 58-10-512. Incorporated protected cells. (a) A protected cell of a...
§ 58-10-513 - Cell shares and cell dividends. - 58-10-513. Cell shares and cell dividends. (a) A protected cell...
§ 58-10-515 - Participants in a protected cell captive insurance company. - 58-10-515. Participants in a protected cell captive insurance company. (a)...
§ 58-10-517 - Company to inform persons they are dealing with protected cell captive insurance company. - 58-10-517. Company to inform persons they are dealing with protected...
§ 58-10-520 - Combining assets of protected cells. - 58-10-520. Combining assets of protected cells. Notwithstanding G.S. 58-10-510, the...
§ 58-10-525 - Application of supervision, rehabilitation, and liquidation provisions to protected cell captive insurance companies. - 58-10-525. Application of supervision, rehabilitation, and liquidation provisions to protected...
§ 58-10-530 - Establishment of branch captive insurance companies. - 58-10-530. Establishment of branch captive insurance companies. (a) A branch...
§ 58-10-535 - Security for payment of branch captive insurance company liabilities. - 58-10-535. Security for payment of branch captive insurance company liabilities....
§ 58-10-545 - Filing of reports and statements. - 58-10-545. Filing of reports and statements. Prior to March 1...
§ 58-10-550 - Audit of a branch captive insurance company. - 58-10-550. Audit of a branch captive insurance company. (a) Any...
§ 58-10-555 - Creation of special purpose financial captives. - 58-10-555. Creation of special purpose financial captives. Special purpose financial...
§ 58-10-560 - Controlling provisions when conflict exists; exemptions. - 58-10-560. Controlling provisions when conflict exists; exemptions. (a) No provisions...
§ 58-10-565 - Application requirements. - 58-10-565. Application requirements. (a) An SPFC, when permitted by its...
§ 58-10-570 - Organization of an SPFC. - 58-10-570. Organization of an SPFC. (a) An SPFC may be...
§ 58-10-575 - Minimum capital. - 58-10-575. Minimum capital. (a) An SPFC shall initially possess and...
§ 58-10-580 - Authorized activities. - 58-10-580. Authorized activities. (a) An SPFC shall only insure the...
§ 58-10-585 - Establishment of protected cell accounts. - 58-10-585. Establishment of protected cell accounts. (a) This section and...
§ 58-10-590 - Protected cell accounts. - 58-10-590. Protected cell accounts. (a) All of the following shall...
§ 58-10-595 - Issuing securities. - 58-10-595. Issuing securities. (a) An SPFC may issue securities, including...
§ 58-10-600 - Asset management agreements. - 58-10-600. Asset management agreements. An SPFC may enter into swap...
§ 58-10-605 - Reinsurance. - 58-10-605. Reinsurance. (a) An SPFC may reinsure only the risks...
§ 58-10-610 - No securities considered to be insurance or reinsurance contracts. - 58-10-610. No securities considered to be insurance or reinsurance contracts....
§ 58-10-615 - Disposition of assets; investment limitations. - 58-10-615. Disposition of assets; investment limitations. (a) The assets of...
§ 58-10-620 - Dividends. - 58-10-620. Dividends. (a) No SPFC shall declare or pay dividends...
§ 58-10-625 - Changes in plan of operation; filing of audit and statement of operation; audits. - 58-10-625. Changes in plan of operation; filing of audit and...
§ 58-10-630 - Cessation of business. - 58-10-630. Cessation of business. At the cessation of business of...
§ 58-10-635 - Supervision, rehabilitation, or liquidation of SPFC. - 58-10-635. Supervision, rehabilitation, or liquidation of SPFC. (a) Except as...
§ 58-10-650 - Other laws applicable to captive insurance companies. - 58-10-650. Other laws applicable to captive insurance companies. In addition...
§ 58-10-655 - Commissioner to share information with Department of Revenue. - 58-10-655. Commissioner to share information with Department of Revenue. Notwithstanding...
§ 58-10-700 - Purpose and scope. - 58-10-700. Purpose and scope. (a) The purpose of this Part...
§ 58-10-705 - Definitions. - 58-10-705. Definitions. The following definitions apply in this Part: (1)...
§ 58-10-710 - Risk management framework. - 58-10-710. Risk management framework. An insurer shall maintain a risk...
§ 58-10-715 - ORSA requirement. - 58-10-715. ORSA requirement. Subject to G.S. 58-10-725, an insurer, or...
§ 58-10-720 - ORSA Summary Report. - 58-10-720. ORSA Summary Report. (a) No more than once each...
§ 58-10-725 - Exemption. - 58-10-725. Exemption. (a) An insurer shall be exempt from the...
§ 58-10-730 - Contents of ORSA Summary Report. - 58-10-730. Contents of ORSA Summary Report. (a) The ORSA Summary...
§ 58-10-735 - Confidentiality. - 58-10-735. Confidentiality. (a) Documents, materials, or other information, including the...
§ 58-10-740 - Sanctions. - 58-10-740. Sanctions. (a) Any insurer failing, without just cause, to...
§ 58-10-745 - Severability clause. - 58-10-745. Severability clause. If any provision of this Part or...
§ 58-10-755 - Purpose and scope. - 58-10-755. Purpose and scope. (a) The purpose of this Part...
§ 58-10-760 - Definitions. - 58-10-760. Definitions. The following definitions apply in this Part: (1)...
§ 58-10-765 - Disclosure requirement and filing procedures. - 58-10-765. Disclosure requirement and filing procedures. (a) An insurer, or...
§ 58-10-770 - Rules and regulations. - 58-10-770. Rules and regulations. The Commissioner may adopt such rules...
§ 58-10-775 - Contents of corporate governance annual disclosure. - 58-10-775. Contents of corporate governance annual disclosure. (a) The insurer...
§ 58-10-780 - Confidentiality. - 58-10-780. Confidentiality. (a) Documents, materials, or other information, including the...
§ 58-10-785 - NAIC and third-party consultants. - 58-10-785. NAIC and third-party consultants. (a) The Commissioner may retain,...
§ 58-10-790 - Sanctions. - 58-10-790. Sanctions. (a) Civil Penalties. - Any insurer failing, without...