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North Carolina General Statutes Chapter 58. Insurance § 58-10-465. Applicable provisions

Current as of January 01, 2023 | Updated by Findlaw Staff

(a) No provisions of this Chapter, other than those contained in this Part or as expressly provided in this Part, shall apply to captive insurance companies. Risk retention groups shall have the privileges and be subject to Article 22 of this Chapter in addition to the applicable provisions of this Part.

(b) The Commissioner may exempt special purpose captive insurance companies, on a case-by-case basis, from provisions of this Chapter and any rules established under this Chapter that the Commissioner determines to be inappropriate given the nature of the risks to be insured.

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Cite this article: FindLaw.com - North Carolina General Statutes Chapter 58. Insurance § 58-10-465. Applicable provisions - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-58-insurance/nc-gen-st-sect-58-10-465/

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