There is a newer version of the North Carolina General Statutes
2012 North Carolina General Statutes
Chapter 58 - Insurance.
Article 7 - General Domestic Companies.
- Section 58-7-1 - Application of this Chapter and general laws.
- Section 58-7-5 - Extension of existing charters.
- Section 58-7-10 - Certificate required before issuing policies.
- Section 58-7-15 - Kinds of insurance authorized.
- Section 58-7-16 - Funding agreements authorized.
- Section 58-7-20 - Repealed by Session Laws 1991, c. 681, s. 23.
- Section 58-7-21 - Credit allowed a domestic ceding insurer.
- Section 58-7-25 - Repealed by Session Laws 1991, c. 681, s. 23.
- Section 58-7-26 - Asset or reduction from liability for reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requirements of G.S. 58-7-21.
- Section 58-7-30 - Insolvent ceding insurer.
- Section 58-7-31 - Life and health reinsurance agreements.
- Section 58-7-32 - Repealed by Session Laws 1993, c. 452, s. 65.
- Section 58-7-33 - Minimum policyholders' surplus to assume property or casualty reinsurance.
- Section 58-7-35 - Manner of creating such corporations.
- Section 58-7-37 - Background of incorporators and proposed management personnel.
- Section 58-7-40 - First meeting; organization; license.
- Section 58-7-45 - Bylaws; classification and election of directors; amendments.
- Section 58-7-46 - Notification to Commissioner for president or chief executive officer changes.
- Section 58-7-50 - Maintenance and removal of records and assets.
- Section 58-7-55 - Exceptions to requirements of G.S. 58-7-50.
- Section 58-7-60 - Approval as a domestic insurer.
- Section 58-7-65 - Conversion to foreign insurer.
- Section 58-7-70 - Effects of redomestication.
- Section 58-7-73 - Dissolutions of insurers.
- Section 58-7-75 - Amount of capital and/or surplus required; impairment of capital or surplus.
- Section 58-7-80 - Capital stock fully paid in cash.
- Section 58-7-85 through 58-7-90 - Repealed by Session Laws 1991, c. 681, s. 30.
- Section 58-7-95 - Establishment of separate accounts by life insurance companies.
- Section 58-7-100 - Repealed by Session Laws 1991, c. 681, s. 30.
- Section 58-7-105 - Authority to increase or reduce capital stock.
- Section 58-7-110 - Assessment of shares; revocation of license.
- Section 58-7-115 - Increase of capital stock.
- Section 58-7-120 - Reduction of capital stock.
- Section 58-7-125 - Dividends not payable when capital stock impaired; liability of stockholders for unlawful dividends.
- Section 58-7-130 - Dividends and distributions to stockholders.
- Section 58-7-135 - Repealed by Session Laws 1993, c. 452, s. 65.
- Section 58-7-140 - Certain officers debarred from commissions.
- Section 58-7-145 - Restrictions on purchase and sale of equity securities of domestic companies.
- Section 58-7-150 - Consolidation.
- Section 58-7-155 - Repealed by Session Laws 2005-424, s. 1.3, effective January 1, 2006, and applicable to applications filed, licenses issued, and licenses continued on or after that date.
- Section 58-7-160 - Investments unlawfully acquired.
- Section 58-7-162 - Allowable or admitted assets.
- Section 58-7-163 - Assets not allowed.
- Section 58-7-165 - Eligible investments.
- Section 58-7-167 - General qualifications.
- Section 58-7-168 - Authorization of investment.
- Section 58-7-170 - Diversification.
- Section 58-7-172 - Cash and deposits.
- Section 58-7-173 - Permitted insurer investments.
- Section 58-7-175 - Policy loans.
- Section 58-7-177 - Repealed by Session Laws 2001-223, s. 8.9.
- Section 58-7-178 - Foreign or territorial investments.
- Section 58-7-179 - Mortgage loans.
- Section 58-7-180 - Chattel mortgages.
- Section 58-7-182 - Special investments by title insurers.
- Section 58-7-183 - Special consent investments.
- Section 58-7-185 - Prohibited investments and investment underwriting.
- Section 58-7-187 - Real estate, in general.
- Section 58-7-188 - Time limit for disposal of ineligible property and securities; effect of failure to dispose.
- Section 58-7-190 - Repealed by Session Laws 1993, c. 452, s. 65.
- Section 58-7-192 - Valuation of securities and investments.
- Section 58-7-193 - Valuation of property.
- Section 58-7-195 - Repealed by Session Laws 2003-212, s. 10, effective October 1, 2003.
- Section 58-7-197 - Replacing certain assets; reporting certain liabilities.
- Section 58-7-198 - Assets of foreign or alien insurers.
- Section 58-7-200 - Investment transactions.
- Section 58-7-205 - Derivative transactions.
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