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North Carolina General Statutes Chapter 58. Insurance § 58-61-5. Definitions

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

For purposes of this Article the “Published Monthly Average” means:

(1) The Monthly Average of the Composite Yield on Seasoned Corporate Bonds as published by Moody's Investors Service, Inc., or any successor thereto; or

(2) In the event that the Monthly Average of the Composite Yield on Seasoned Corporate Bonds is no longer published, a substantially similar average, established by regulation issued by the Commissioner.

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Cite this article: FindLaw.com - North Carolina General Statutes Chapter 58. Insurance § 58-61-5. Definitions - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-58-insurance/nc-gen-st-sect-58-61-5/

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