2005 North Carolina Code - General Statutes § 58-45-85. Assessment; inability to pay.

§ 58‑45‑85.  Assessment; inability to pay.

If any insurer fails, by reason of insolvency, to pay any assessment as provided in this Article, the amount assessed each insurer shall be immediately recalculated, excluding the insolvent insurer, so that its assessment is assumed and redistributed among the remaining insurers. Any assessment against an insolvent insurer shall not be a charge against any special deposit fund held under the provisions of Article 5 of this Chapter for the benefit of policyholders. (1991 (Reg. Sess., 1992), c. 784, s. 7.)