North Carolina General Statutes 58-26-15. Limitation of risk
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Terms Used In North Carolina General Statutes 58-26-15
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
No real estate title insurance company shall guarantee or insure in any one risk on real property located in North Carolina more than forty percent (40%) of its combined capital and surplus without first having the approval of the Commissioner, which approval shall be endorsed upon the policy. (1945, c. 386; 1967, c. 936; 1993, c. 504, s. 18.)