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Current as of January 01, 2023 | Updated by Findlaw Staff
(a) No risk retention group is required to join or contribute financially to any insurance insolvency or guaranty fund or similar mechanism in this State; nor shall any risk retention group or its insureds receive any benefit from any such fund for claims arising out of the operations of such risk retention group.
(b) A risk retention group may be required to participate in residual market mechanisms under Articles 37 and 42 of this Chapter.
Cite this article: FindLaw.com - North Carolina General Statutes Chapter 58. Insurance § 58-22-25. Compulsory association - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-58-insurance/nc-gen-st-sect-58-22-25/
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