North Carolina General Statutes 58-21-17. Placement with alien insurers
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Terms Used In North Carolina General Statutes 58-21-17
- Nonadmitted insurer: includes insurance exchanges authorized under the laws of various states. See North Carolina General Statutes 58-21-10
- Surplus lines insurance: means any insurance in this State of risks resident, located, or to be performed in this State, permitted to be placed through a surplus lines licensee with a nonadmitted domestic surplus lines insurer or a nonadmitted insurer eligible to accept such insurance, including salary protection insurance. See North Carolina General Statutes 58-21-10
- Surplus lines licensee: means a person licensed under N. See North Carolina General Statutes 58-21-10
- United States: shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
Nothing in this Article prohibits a surplus lines licensee from placing surplus lines insurance with, or procuring surplus lines insurance from, a nonadmitted insurer domiciled outside the United States that is listed on the Quarterly Listing of Alien Insurers maintained by the International Insurers Department of the NAIC. (2011-120, s. 5.)