North Carolina General Statutes 58-7-198. Assets of foreign or alien insurers
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In North Carolina General Statutes 58-7-198
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
The Commissioner may refuse a new or renewal license to any foreign or alien insurer upon finding that its assets do not comply in substance with the investment requirements and limitations imposed by this Chapter upon like domestic insurers whenever authorized to do the same kinds of insurance business. (1991, c. 681, s. 29.)