2005 North Carolina Code - General Statutes § 58-45-15. Powers and duties of Association.

§ 58‑45‑15.  Powers and duties of Association.

The Association shall, pursuant to the provisions of this Article and the plan of operation, and with respect to the insurance coverages authorized in this Article, have the power on behalf of its members:

(1)       To cause to be issued policies of insurance to applicants;

(2)       To assume reinsurance from its members;

(3)       To cede reinsurance to its members and to purchase reinsurance in behalf of its members. (1967, c. 1111, s. 1; 1969, c. 249; 1999‑114, s. 7.)