§ 58-11-1 Copies of charter and bylaws filed
§ 58-11-5 Contracts must accord with charter and bylaws
§ 58-11-10 “Assessment plan” printed on application and policy
§ 58-11-15 Revocation for noncompliance
§ 58-11-20 Deposits and advance assessments required
§ 58-11-25 Deposits by foreign assessment companies or orders
§ 58-11-30 Revocation of license
§ 58-11-35 Mutual life insurance companies; assessments prohibited
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Terms Used In North Carolina General Statutes > Chapter 58 > Article 11 - Assessment Companies

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
  • United States: shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3