North Carolina General Statutes 58-15-70. Distribution to subscribers
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Terms Used In North Carolina General Statutes 58-15-70
- Reciprocal: means an aggregation of subscribers under a common name. See North Carolina General Statutes 58-15-5
A reciprocal may return to its subscribers any savings or credits accruing to their accounts. Any such distribution shall not unfairly discriminate between classes of risks or policies or between subscribers. However, the distribution may vary for classes of subscribers based upon the experience of those classes. (1989, c. 425, s. 1.)