2005 North Carolina Code - General Statutes § 58-21-15. Placement of surplus lines insurance.

§ 58‑21‑15.  Placement of surplus lines insurance.

Insurance may be procured through a surplus lines licensee from nonadmitted insurers if:

(1)       Each insurer is an eligible surplus lines insurer;

(2)       The full amount or kind of insurance cannot be obtained from insurers who are admitted to do business in this State. Such full amount or kind of insurance may be procured from eligible surplus lines insurers, provided that a diligent search is made among the insurers who are admitted to transact and are actually writing the particular kind and class of insurance in this State; and

(3)       All other requirements of this Article are met. (1985, c. 688, s. 1; 1985 (Reg. Sess., 1986), c. 1013, s. 5.)