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Miscellaneous Insurer Financial Provisions.
Law
North Carolina General Statutes
Insurance
Miscellaneous Insurer Financial Provisions.
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Section
58-10-1
Stock to mutual insurer conversion.
Section
58-10-5
Stock acquired to be turned over to voting trust until all stock acquired; dividends repaid to corporation for beneficiaries.
Section
58-10-10
Mutual to stock insurer conversion.
Section
58-10-12
Conversion plan requirements.
Section
58-10-20
Scope.
Section
58-10-25
Definitions.
Section
58-10-30
Notice requirements.
Section
58-10-35
Policyholder rights.
Section
58-10-40
Effect of consent.
Section
58-10-45
Commissioner's discretion.
Section
58-10-55
Report.
Section
58-10-60
Acquisitions and dispositions of assets.
Section
58-10-65
Nonrenewals, cancellations, or revisions of ceded reinsurance agreements.
Section
58-10-75
Purpose and legislative intent.
Section
58-10-80
Definitions.
Section
58-10-85
Establishment of protected cells.
Section
58-10-90
Use and operation of protected cells.
Section
58-10-95
Reach of creditors and other claimants.
Section
58-10-100
Conservation, rehabilitation, or liquidation of protected cell companies.
Section
58-10-105
No transaction of an insurance business.
Section
58-10-110
Authority to adopt rules.
Section
58-10-120
Definitions.
Section
58-10-125
Policyholders position and capital and surplus requirements.
Section
58-10-130
Unearned premium reserve.
Section
58-10-135
Contingency reserve for mortgage guaranty insurers.
Section
58-10-140
Report of policyholder's position.
Section
58-10-145
Monoline requirement for mortgage guaranty insurers.
Section
58-10-150
Statement of actuarial opinion.
Section
58-10-155
Actuarial opinion summary.
Section
58-10-160
Actuarial report and work papers.
Section
58-10-165
Monetary penalties for failure to provide documents.
Section
58-10-170
Qualified immunity of appointed actuary.
Section
58-10-175
Confidentiality.
Section
58-10-185
Purpose and scope.
Section
58-10-190
Definitions.
Section
58-10-195
General requirements related to filing and extensions for filing of annual audited financial reports and audit committee appointment.
Section
58-10-200
Contents of annual audited financial report.
Section
58-10-205
Designation of independent certified public accountant.
Section
58-10-210
Qualifications of independent certified public accountant.
Section
58-10-215
Consolidated or combined audits.
Section
58-10-220
Scope of audit and report of independent certified public accountant.
Section
58-10-225
Notification of adverse financial condition.
Section
58-10-230
Communication of internal control related matters noted in an audit.
Section
58-10-235
Accountant's letter of qualifications.
Section
58-10-240
Definition, availability, and maintenance of independent certified public accountants' work papers.
Section
58-10-245
Requirements for audit committees.
Section
58-10-246
Internal audit function requirements.
Section
58-10-250
Conduct of insurer in connection with the preparation of required reports and documents.
Section
58-10-255
Management's report of internal control over financial reporting.
Section
58-10-260
Exemptions and effective dates.
Section
58-10-265
Canadian and British companies.
Section
58-10-275
Definitions.
Section
58-10-280
General provisions.
Section
58-10-285
Application; contents; process.
Section
58-10-290
Plan of reorganization.
Section
58-10-295
Powers of the Commissioner.
Section
58-10-300
Special financial requirements.
Section
58-10-305
Reorganization of domestic mutual insurer with mutual insurance holding company.
Section
58-10-310
Mergers of mutual insurance holding companies.
Section
58-10-315
Stock offerings.
Section
58-10-320
Regulation of holding company system.
Section
58-10-325
Reporting of stock ownership and transactions.
Section
58-10-335
Purpose.
Section
58-10-340
Definitions.
Section
58-10-345
Licensing; authority; confidentiality.
Section
58-10-347
Provisional approval for a license.
Section
58-10-350
Commissioner use of consultants and other professionals.
Section
58-10-355
Organizational audit.
Section
58-10-360
Designation of captive manager.
Section
58-10-365
Names of companies.
Section
58-10-370
Capital and surplus requirements.
Section
58-10-375
Dividends and distributions.
Section
58-10-380
Formation of captive insurance companies.
Section
58-10-385
Directors.
Section
58-10-390
Conflict of interest.
Section
58-10-395
Plan of operation change.
Section
58-10-400
Insurance manager and intermediaries.
Section
58-10-405
Annual reports.
Section
58-10-410
Reserved for future codification purposes.
Section
58-10-415
Annual audit and statement of actuarial opinion.
Section
58-10-420
Independent certified public accountants.
Section
58-10-425
Deposit requirement.
Section
58-10-430
Audits.
Section
58-10-435
License suspension or revocation.
Section
58-10-440
Investment requirements.
Section
58-10-445
Reinsurance.
Section
58-10-450
Membership in rating organizations; exemption from compulsory associations.
Section
58-10-455
Taxation.
Section
58-10-460
Adoption and amendment of rules by Commissioner.
Section
58-10-465
Applicable provisions.
Sections
58-10-470
Repealed by Session Laws 2016-78, s. 4.1(q), effective June 30, 2016.
Section
58-10-475
Supervision; rehabilitation; liquidation.
Section
58-10-480
Authority for expenditure of public funds.
Section
58-10-485
Violations and penalties.
Section
58-10-490
Inactive captive insurance companies.
Section
58-10-495
Captive insurance companies reinsuring life insurance policies.
Section
58-10-496
Waiver or modification.
Section
58-10-500
Forming a protected cell captive insurance company.
Section
58-10-505
Additional filing requirements for applicant protected cell captive insurance companies.
Section
58-10-510
Establishment of protected cells.
Section
58-10-512
Incorporated protected cells.
Section
58-10-513
Cell shares and cell dividends.
Section
58-10-515
Participants in a protected cell captive insurance company.
Section
58-10-517
Company to inform persons they are dealing with protected cell captive insurance company.
Section
58-10-520
Combining assets of protected cells.
Section
58-10-525
Application of supervision, rehabilitation, and liquidation provisions to protected cell captive insurance companies.
Section
58-10-530
Establishment of branch captive insurance companies.
Section
58-10-535
Security for payment of branch captive insurance company liabilities.
Sections
58-10-540
Repealed by Session Laws 2015-99, s. 1, effective June 19, 2015.
Section
58-10-545
Filing of reports and statements.
Section
58-10-550
Audit of a branch captive insurance company.
Section
58-10-555
Creation of special purpose financial captives.
Section
58-10-560
Controlling provisions when conflict exists; exemptions.
Section
58-10-565
Application requirements.
Section
58-10-570
Organization of an SPFC.
Section
58-10-575
Minimum capital.
Section
58-10-580
Authorized activities.
Section
58-10-585
Establishment of protected cell accounts.
Section
58-10-590
Protected cell accounts.
Section
58-10-595
Issuing securities.
Section
58-10-600
Asset management agreements.
Section
58-10-605
Reinsurance.
Section
58-10-610
No securities considered to be insurance or reinsurance contracts.
Section
58-10-615
Disposition of assets; investment limitations.
Section
58-10-620
Dividends.
Section
58-10-625
Changes in plan of operation; filing of audit and statement of operation; audits.
Section
58-10-630
Cessation of business.
Section
58-10-635
Supervision, rehabilitation, or liquidation of SPFC.
Section
58-10-650
Other laws applicable to captive insurance companies.
Section
58-10-655
Commissioner to share information with Department of Revenue.
Section
58-10-700
Purpose and scope.
Section
58-10-705
Definitions.
Section
58-10-710
Risk management framework.
Section
58-10-715
ORSA requirement.
Section
58-10-720
ORSA Summary Report.
Section
58-10-725
Exemption.
Section
58-10-730
Contents of ORSA Summary Report.
Section
58-10-735
Confidentiality.
Section
58-10-740
Sanctions.
Section
58-10-745
Severability clause.
Section
58-10-755
Purpose and scope.
Section
58-10-760
Definitions.
Section
58-10-765
Disclosure requirement and filing procedures.
Section
58-10-770
Rules and regulations.
Section
58-10-775
Contents of corporate governance annual disclosure.
Section
58-10-780
Confidentiality.
Section
58-10-785
NAIC and third-party consultants.
Section
58-10-790
Sanctions.