North Carolina General Statutes 58-52-10. Regional plans authorized
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Terms Used In North Carolina General Statutes 58-52-10
- Association: means a voluntary unincorporated association formed for the sole purpose of enabling joint and cooperative action to provide accident and health insurance in accordance with this Article in this or any other State having legislation enabling the issuance of insurance of the type provided in this Article. See North Carolina General Statutes 58-52-1
- Insurer: means any insurance company which is authorized under Articles 1 through 64 of this Chapter to transact accident and health insurance business in this State. See North Carolina General Statutes 58-52-1
If “over 65” accident and health insurance plans exist or hereafter come into existence in other states pursuant to legislative authority similar to that herein given, North Carolina insurers may jointly participate with insurers of such other states in forming a regional plan to carry out the purposes of this Article. Any association formed for the operation of a regional plan shall be exempt from the provisions of N.C. Gen. Stat. § 58-3-85 and may engage in business in North Carolina through its insurer members only, without being separately licensed. (1963, c. 1125.)