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North Carolina General Statutes Chapter 58. Insurance § 58-40-120. Payment of dividends not prohibited or regulated; plan for payment into rating system

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

Nothing in this Article shall be construed to prohibit or regulate the payment of dividends, savings, or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members, or subscribers. A plan for the payment of dividends, savings, or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members, or subscribers shall not be deemed a rating plan or system.

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Cite this article: FindLaw.com - North Carolina General Statutes Chapter 58. Insurance § 58-40-120. Payment of dividends not prohibited or regulated; plan for payment into rating system - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-58-insurance/nc-gen-st-sect-58-40-120/

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