2010 North Carolina Code
Chapter 58 Insurance.
Article 10 - Miscellaneous Insurer Financial Provisions.
58-10-145. Monoline requirement for mortgage guaranty insurers.
58‑10‑145. Monoline requirement for mortgage guaranty insurers.
A mortgage guaranty insurance company that transacts any kind of insurance other than mortgage guaranty insurance is not eligible to transact business in this State. Provided, however, that a mortgage guaranty insurance company may, until December 31, 2012, assume reinsurance for "credit insurance," as defined in G.S. 58‑7‑15(17). (2007‑127, s. 7; 2008‑124, s. 2.2.)
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