2014 North Carolina General Statutes
Chapter 58 - Insurance.
Article 15 - Reciprocal Insurance.
§ 58-15-95 - Liability on judgments.
58-15-95. Liability on judgments.
Any judgment against a reciprocal based upon legal process duly served as provided in this Article is binding upon the reciprocal and upon each of the reciprocal's subscribers as their respective interests may appear, in an amount not exceeding their respective contingent assessment liabilities. There is no derivative liability on the part of the attorney, officers, employees, agents, or subscribers' advisory committee of the reciprocal arising merely by reason of the status of such persons. (1989, c. 425, s. 1.)
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