North Carolina General Statutes 58-37-45. Procedure for cession provided in plan of operation
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Terms Used In North Carolina General Statutes 58-37-45
- Company: means each member of the Facility. See North Carolina General Statutes 58-37-1
- Plan of operation: means the plan of operation approved pursuant to the provisions of this Article. See North Carolina General Statutes 58-37-1
Upon receipt by the company of a risk which it does not elect to retain, the company shall follow such procedures for ceding the risk as are established by the plan of operation. (1973, c. 818, s. 1; 1977, c. 828, s. 22.)