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2015 North Carolina General Statutes
Chapter 58 - Insurance.
Article 61 - Regulation of Interest Rates on Life Insurance Policy Loans.
§ 58-61-5 - Definitions.

NC Gen Stat § 58-61-5 (2015) What's This?

58-61-5. Definitions.

For purposes of this Article the "Published Monthly Average" means:

(1) The Monthly Average of the Composite Yield on Seasoned Corporate Bonds as published by Moody's Investors Service, Inc., or any successor thereto; or

(2) In the event that the Monthly Average of the Composite Yield on Seasoned Corporate Bonds is no longer published, a substantially similar average, established by regulation issued by the Commissioner. (1981, c. 841, s. 1.)


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