General Domestic Companies.

  1. Law
  2. North Carolina General Statutes
  3. Insurance
  4. General Domestic Companies.

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Section
58-7-1

Application of this Chapter and general laws.

Section
58-7-5

Extension of existing charters.

Section
58-7-10

Certificate required before issuing policies.

Section
58-7-15

Kinds of insurance authorized.

Section
58-7-16

Funding agreements authorized.

Sections
58-7-20

Repealed by Session Laws 1991, c. 681, s. 23.

Section
58-7-21

Credit allowed a domestic ceding insurer.

Section
58-7-22

Term and universal life insurance reserve financing.

Section
58-7-25

Repealed by Session Laws 1991, c. 681, s. 23.

Section
58-7-26

Asset or reduction from liability for reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requirements of G.S. 58-7-21.

Section
58-7-30

Insolvent ceding insurer.

Section
58-7-31

Life and health reinsurance agreements.

Section
58-7-32

Repealed by Session Laws 1993, c. 452, s. 65.

Section
58-7-33

Minimum policyholders' surplus to assume property or casualty reinsurance.

Section
58-7-35

Manner of creating such corporations.

Section
58-7-37

Background of incorporators and proposed management personnel.

Section
58-7-40

First meeting; organization; license.

Section
58-7-45

Bylaws; classification and election of directors; amendments.

Section
58-7-46

Notification to Commissioner for president or chief executive officer changes.

Section
58-7-50

Maintenance and removal of records and assets.

Section
58-7-55

Exceptions to requirements of G.S. 58-7-50.

Section
58-7-60

Approval as a domestic insurer.

Section
58-7-65

Conversion to foreign insurer.

Section
58-7-70

Effects of redomestication.

Section
58-7-73

Dissolutions of insurers.

Section
58-7-75

Amount of capital and/or surplus required; impairment of capital or surplus.

Section
58-7-80

Capital stock fully paid in cash.

Sections
58-7-85 through 58-7-90 - through 58

7-90: Repealed by Session Laws 1991, c. 681, s. 30.

Section
58-7-95

Establishment of separate accounts by life insurance companies.

Sections
58-7-100

Repealed by Session Laws 1991, c. 681, s. 30.

Section
58-7-105

Authority to increase or reduce capital stock.

Section
58-7-110

Assessment of shares; revocation of license.

Section
58-7-115

Increase of capital stock.

Section
58-7-120

Reduction of capital stock.

Section
58-7-125

Dividends not payable when capital stock impaired; liability of stockholders for unlawful dividends.

Section
58-7-130

Dividends and distributions to stockholders.

Section
58-7-135

Repealed by Session Laws 1993, c. 452, s. 65.

Section
58-7-140

Certain officers debarred from commissions.

Section
58-7-145

Restrictions on purchase and sale of equity securities of domestic companies.

Section
58-7-150

Consolidation.

Sections
58-7-155

Repealed by Session Laws 2005-424, s. 1.3, effective January 1, 2006, and applicable to applications filed, licenses issued, and licenses continued on or after that date.

Section
58-7-160

Investments unlawfully acquired.

Section
58-7-162

Allowable or admitted assets.

Section
58-7-163

Assets not allowed.

Section
58-7-165

Eligible investments.

Section
58-7-167

General qualifications.

Section
58-7-168

Authorization of investment.

Section
58-7-170

Diversification.

Section
58-7-172

Cash and deposits.

Section
58-7-173

Permitted insurer investments.

Section
58-7-175

Policy loans.

Sections
58-7-177

Repealed by Session Laws 2001-223, s. 8.9.

Section
58-7-178

Foreign or territorial investments.

Section
58-7-179

Mortgage loans.

Section
58-7-180

Chattel mortgages.

Section
58-7-182

Special investments by title insurers.

Section
58-7-183

Special consent investments.

Section
58-7-185

Prohibited investments and investment underwriting.

Section
58-7-187

Real estate, in general.

Section
58-7-188

Time limit for disposal of ineligible property and securities; effect of failure to dispose.

Section
58-7-190

Repealed by Session Laws 1993, c. 452, s. 65.

Section
58-7-192

Valuation of securities and investments.

Section
58-7-193

Valuation of property.

Sections
58-7-195

Repealed by Session Laws 2003-212, s. 10, effective October 1, 2003.

Section
58-7-197

Replacing certain assets; reporting certain liabilities.

Section
58-7-198

Assets of foreign or alien insurers.

Section
58-7-200

Investment transactions.

Section
58-7-205

Derivative transactions.