reglab/housing_qa huggingface dataset:
NC Gen Stat § 58-19-60 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 19 - Insurance Holding Company System Regulatory Act.|§ 58-19-60 - Recovery.

 58-19-60. Recovery.(a) If an order for liquidation or rehabilitation of a domestic insurer has been entered, the receiver appointed under such order has a right to recover on behalf of the insurer, (i) from any parent corporation or insurance holding company or person or affiliate who otherwise controlled the insurer, the amount of distributions (other than distributions of shares of the same class of stock) paid by the insurer on its capital stock, or (ii) any payment in the form of a bonus, termination settlement, or extraordinary lump sum salary adjustment made by the insurer or its subsidiary or subsidiaries to a director, officer, or employee, where the distribution or payment pursuant to (i) or (ii) above is made at any time during the one year preceding the petition for liquidation or rehabilitation, as the case may be, subject to the limitations of subsections (b), (c), and (d) of this section.(b) No such distribution is recoverable if the parent or affiliate shows that when paid such distribution was lawful and reasonable, and that the insurer did not know and could not reasonably have known that such distribution might adversely affect the ability of the insurer to fulfill its contractual obligations.(c) Any person that was a parent corporation or insurance holding company or a person that otherwise controlled the insurer or affiliate at the time such distributions were paid is liable up to the amount of distributions or payments under subsection (a) of this section such person received. Any person who otherwise controlled the insurer at the time such distributions were declared is liable up to the amount of distributions he would have received if they had been paid immediately. If two or more persons are liable with respect to the same distributions, they are jointly and severally liable.(d) The maximum amount recoverable under this section is the amount needed in excess of all other available assets of the insurer to pay its contractual obligations and to reimburse any guaranty funds.(e) To the extent that any person liable under subsection (c) of this section is insolvent or otherwise fails to pay claims due from it pursuant to that subsection, its parent corporation, insurance holding company, or person who otherwise controlled it at the time that the distribution was paid, are jointly and severally liable for any resulting deficiency in the amount recovered from such parent corporation or insurance holding company or person who otherwise controlled it.  (1989, c. 722, s. 1; 2015-146, s. 1.10; 2015-281, s. 13.)
NC Gen Stat § 58-19-65 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 19 - Insurance Holding Company System Regulatory Act.|§ 58-19-65 - Revocation or suspension of insurer's license.

 58-19-65. Revocation or suspension of insurer's license.Whenever it appears to the Commissioner that any person has committed a violation of this Article that makes the continued operation of an insurer contrary to the interests of policyholders or the public, the Commissioner may, after giving notice and an opportunity to be heard, suspend or revoke such insurer's license to do business in this State for such period as he finds is required for the protection of policyholders or the public. Any such determination shall be accompanied by specific findings of fact and conclusions of law. (1989, c. 722, s. 1; 2003-212, s. 26(f).)
NC Gen Stat § 58-19-70 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 19 - Insurance Holding Company System Regulatory Act.|§ 58-19-70 - Judicial review; mandatory injunction or writ of mandamus.

 58-19-70. Judicial review; mandatory injunction or writ of mandamus.(a) Any person aggrieved by any order made by the Commissioner pursuant to this Article may appeal in accordance with G.S. 58-2-75.(b) Any person aggrieved by any failure of the Commissioner to act or make a determination required by this Article may petition the Superior Court of Wake County for a mandatory injunction or a writ of mandamus directing the Commissioner to act or make such determination forthwith. (1989, c. 722, s. 1.)
NC Gen Stat § 58-19-75 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 19 - Insurance Holding Company System Regulatory Act.|§ 58-19-75 - Forms general requirements.

 58-19-75. Forms - general requirements.(a) Forms A, B, C, D, E, and F are intended to be guides in the preparation of the statements required by G.S. 58-19-15, 58-19-25, and 58-19-30. They are not intended to be fill-in-the-blank forms. The statements filed shall contain the numbers and captions of all items, but the text of the items may be omitted, provided the answers are prepared in such a manner as to indicate clearly the scope and coverage of the items. All instructions, whether appearing under the items of the form or elsewhere, are to be omitted. Unless expressly provided otherwise, if any item is inapplicable or the answer to the item is in the negative, an appropriate statement to that effect shall be made.(b) A complete copy of each statement, including exhibits and all other papers and documents filed as a part of the statement, shall be filed with the Commissioner by personal delivery or mail addressed to the Commissioner and shall be signed in the manner prescribed on the form. Unsigned copies shall be conformed. If the signature of any person is affixed pursuant to a power of attorney or other similar authority, a copy of the power of attorney or other authority shall also be filed with the statement.(c) If an applicant requests a hearing on a consolidated basis under G.S. 58-19-15, in addition to filing the Form A with the Commissioner, the applicant shall file a copy of the Form A with the NAIC in electronic form.(d) Statements should be prepared electronically. Statements shall be easily readable and suitable for review and reproduction. Debits in credit categories and credits in debit categories shall be designated so as to be clearly distinguishable as such on photocopies. Statements shall be in the English language and monetary values shall be stated in United States dollars. If any exhibit or other paper or document filed with the statement is in a foreign language, it shall be accompanied by a translation into the English language and any monetary value shown in a foreign currency normally shall be converted into United States dollars.  (2015-146, s. 1.11; 2015-281, s. 13.)
NC Gen Stat § 58-19-80 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 19 - Insurance Holding Company System Regulatory Act.|§ 58-19-80 - Forms incorporation by reference, summaries and omissions.

 58-19-80. Forms - incorporation by reference, summaries and omissions.(a) Information required by any item of Form A, Form B, Form D, Form E, or Form F may be incorporated by reference in answer or partial answer to any other item. Information contained in any financial statement, annual report, proxy statement, statement filed with a governmental authority, or any other document may be incorporated by reference in answer or partial answer to any item of Form A, Form B, Form D, Form E, or Form F provided the document is filed as an exhibit to the statement. Excerpts of documents may be filed as exhibits if the documents are extensive. Documents currently on file with the Commissioner which were filed within three years need not be attached as exhibits. References to information contained in exhibits or in documents already on file shall clearly identify the material and shall specifically indicate that such material is to be incorporated by reference in answer to the item. Such materials shall not be incorporated by reference in any case where the incorporation would render the statement incomplete, unclear, or confusing.(b) Where an item requires a summary or outline of the provisions of any document, only a brief statement shall be made as to the pertinent provisions of the document. In addition to the statement, the summary or outline must incorporate by reference particular parts of any exhibit or document currently on file with the Commissioner which was filed within three years and may be qualified in its entirety by such reference. In any case where two or more documents required to be filed as exhibits are substantially identical in all material respects except as to the parties thereto, the dates of execution, or other details, a copy of only one of the documents need be filed with a schedule identifying the omitted documents and setting forth the material details in which those documents differ from the documents, a copy of which is filed.  (2015-146, s. 1.11; 2015-281, s. 13.)
NC Gen Stat § 58-19-85 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 19 - Insurance Holding Company System Regulatory Act.|§ 58-19-85 - Forms information unknown or unavailable and extension of time to furnish.

 58-19-85. Forms - information unknown or unavailable and extension of time to furnish.If it is impractical to furnish any required information, document, or report at the time it is required to be filed, there shall be filed with the Commissioner a separate document:(1) Identifying the information, document, or report in question.(2) Stating why the filing thereof at the time required is impractical.(3) Requesting an extension of time for filing the information, document, or report to a specified date. The request for extension shall be deemed granted unless the Commissioner after receipt of the request denies the request prior to the time the information, document, or report is required.  (2015-146, s. 1.11; 2015-281, s. 13.)
NC Gen Stat § 58-19-90 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 19 - Insurance Holding Company System Regulatory Act.|§ 58-19-90 - Forms additional information and exhibits.

 58-19-90. Forms - additional information and exhibits.In addition to the information expressly required to be included in Form A, Form B, Form C, Form D, Form E, and Form F, the Commissioner may request such further material information, if any, as may be necessary to make the information contained therein not misleading. The person filing may also file such exhibits as it may desire in addition to those expressly required by the statement. The exhibits shall be so marked as to indicate clearly the subject matters to which they refer. Changes to Form A, B, C, D, or F shall include on the top of the cover page the phrase: "Change No. [insert number] to" and shall indicate the date of the change and not the date of the original filing.  (2015-146, s. 1.11; 2015-281, s. 13.)
NC Gen Stat § 58-20-1 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 20 - Hull Insurance, and Protection and Indemnity Clubs.|§ 58-20-1 - Short title.

 58-20-1. Short title.This Article may be cited as the "Commercial Fishermen's Hull Insurance, and Protection and Indemnity Club Act". (1987, c. 330.)
NC Gen Stat § 58-20-5 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 20 - Hull Insurance, and Protection and Indemnity Clubs.|§ 58-20-5 - Definitions.

 58-20-5. Definitions.For purposes of this Article:(1) "Association" means a trade or professional association that has been in existence for at least five years, and has adopted a written constitution, and a written set of bylaws, and was created for purposes other than for participating in a club.(2) "Club" means a commercial fishermen's hull insurance and protection and indemnity club created under this Article.(3) "Commercial fisherman" means any individual, corporation, or other business entity whose earned income is at least fifty percent (50%) derived from taking and selling food resources living in any ocean, bay, river, gulf, estuary, tidal wetlands, spoil area, estuation exit or entrance, or any other body of water or tidal wetlands from which a commercial harvest of fish may be taken.(4) "Hull Insurance and Protection and Indemnity" means:a. Insurance against loss or damage to a vessel's hull, lifeboats, rafts, and other operating equipment of the vessel other than its electrical machinery; andb. Insurance against loss of life, personal injury, or illness to the master, the crew, and other third parties, and against damage to any other vessel or property, such as cargo, for which the insured is legally liable. (1987, c. 330.)
NC Gen Stat § 58-20-10 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 20 - Hull Insurance, and Protection and Indemnity Clubs.|§ 58-20-10 - Commercial Fishermen Hull Insurance, and Protection and Indemnity Clubs authorized.

 58-20-10. Commercial Fishermen Hull Insurance, and Protection and Indemnity Clubs authorized.In addition to other authority granted under Articles 1 through 64 of this Chapter, ten or more commercial fishermen who are members of an association may enter into contracts or agreements under this Article for the joint protection and retention of their risk for Hull Insurance, and Protection and Indemnity, and for the payment of losses or claims made against any member. Any group of commercial fishermen intending to organize and operate a Club under this Article shall give the Commissioner 30 days' advance written notification of its intention in a form prescribed by the Commissioner. (1987, c. 330.)
NC Gen Stat § 58-20-15 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 20 - Hull Insurance, and Protection and Indemnity Clubs.|§ 58-20-15 - Board of trustees.

 58-20-15. Board of trustees.(a) A Club shall be operated by a board of trustees. Each trustee shall also be a member of an association. The trustees shall be selected by the Club members under the rules of organization of the Club. The board of trustees shall:(1) Establish the terms and conditions of hull insurance and protection and indemnity coverage within the Club, including underwriting and exclusions of coverage;(2) Ensure that all valid claims are paid promptly;(3) Take all necessary precautions to safeguard the assets of the Club;(4) Maintain minutes of its meeting and make those minutes available to the Commissioner;(5) Designate an administrator to carry out the policies established by the trustees; and(6) Establish guidelines for membership in the Club.(b) The board of trustees shall not:(1) Extend credit to an individual member for payment of a premium, except under a payment plan approved by the Commissioner; or(2) Borrow money from the Club, or in the name of the Club, except in the ordinary course of business.Whenever the board of trustees borrow money from the Club as authorized by this subdivision it shall first advise the Commissioner of the nature and purpose of the loan, and shall obtain his prior approval of such loan. (1987, c. 330.)
NC Gen Stat § 58-20-20 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 20 - Hull Insurance, and Protection and Indemnity Clubs.|§ 58-20-20 - Mutual agreement for indemnification.

 58-20-20. Mutual agreement for indemnification.(a) An agreement made under this Article shall contain provisions for:(1) A system or program of loss control;(2) The termination of membership;(3) The payment by the Club of all claims for which a member incurred liability during the period of his membership;(4) The non-payment of claims where a member has individually retained the risk, or where the risk is not specifically covered, or where the amount of the claim exceeds the coverage provided by the Club;(5) The assessment of members;(6) The payment of contributions from members to satisfy deficiencies;(7) The maintenance of claim reserves equal to known incurred losses and loss adjustment expenses and to an estimate of incurred but not reported losses; and(8) Final accounting and settlement of the obligations or refunds to a terminating member when all incurred claims are settled.(b) The agreement required by this section may also include provisions authorizing the Club to:(1) To establish offices where necessary in this State, and employ necessary staff to carry out its purposes;(2) Retain legal counsel, actuaries, claims adjusters, auditors, engineers, private consultants, and advisors, and other persons as the board of trustees or the administrator deem to be necessary;(3) Amend or repeal its bylaws;(4) Purchase, lease, or rent real and personal property as it deems necessary; and(5) Enter into agreements with financial institutions that permit it to issue checks or other negotiable instruments in its own name. (1987, c. 330.)
NC Gen Stat § 58-20-25 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 20 - Hull Insurance, and Protection and Indemnity Clubs.|§ 58-20-25 - Termination of Club membership; notice.

 58-20-25. Termination of Club membership; notice.If a member fails to pay his contributions calls, or assessment, or other property required by the board of trustees as authorized by this Article, he shall not be entitled to any hull insurance and protection and indemnity coverage under this Article, and the Club may terminate his membership upon giving the member at least 10 days' notice. The Club may terminate a membership for any other reason upon giving the member at least 90 days' written notice of the termination. A member may terminate his membership with the Club upon giving at least 90 days' written notice of the termination. (1987, c. 330.)
NC Gen Stat § 58-20-30 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 20 - Hull Insurance, and Protection and Indemnity Clubs.|§ 58-20-30 - Financial monitoring and evaluation of clubs.

 58-20-30. Financial monitoring and evaluation of clubs.Each club shall be audited annually, at the Club's expense, by a certified public accounting firm. A copy of the audit report shall be furnished to each member, and to the Commissioner. The trustees shall obtain an appropriate actuarial evaluation of the loss and loss adjustment expenses reserves of the Club, including estimate of losses and loss adjustment expenses incurred but not reported. The provisions of G.S. 58-2-131 through G.S. 58-2-134, G.S. 58-2-150, 58-2-160, 58-2-165, 58-2-180, 58-2-185, 58-2-190, 58-2-200, and G.S. 58-6-5 apply to each Club and to persons that administer the Clubs. (1987, c. 330, s. 1; 1991, c. 681, s. 5; 1999-132, s. 11.2.)
NC Gen Stat § 58-20-35 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 20 - Hull Insurance, and Protection and Indemnity Clubs.|§ 58-20-35 - Insolvency or impairment of Club.

 58-20-35. Insolvency or impairment of Club.(a) If an annual audit or an examination by the Commissioner reveals that the assets of a Club are insufficient to discharge its legal liabilities and other obligations, the Commissioner shall notify the administrator and board of trustees of the Club's deficiency; and he shall recommend the measures to be taken in order to abate the deficiency. He may recommend that the Club refrain from adding new members until the deficiency is abated. If the Club fails to comply with the recommendations within 30 days after the date of the notice, the Commissioner may apply to the Superior Court of Wake County for an order requiring the Club to abate the deficiency and authorizing the Commissioner to appoint one or more special deputy commissioners, counsel, clerks, or assistants to oversee the implementation of the Court's order. The compensation and expenses of such persons shall be fixed by the Commissioner, subject to the approval of the Court, and shall be paid out of the funds or assets of the Club.(b) If a Club is determined to be insolvent, financially impaired, or is otherwise unable to discharge its legal liabilities and other obligations, each member shall be assessed on a pro rata basis as provided under G.S. 58-20-15. (1987, c. 330.)
NC Gen Stat § 58-20-40 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 20 - Hull Insurance, and Protection and Indemnity Clubs.|§ 58-20-40 - Immunity of administrators and boards of trustees.

 58-20-40. Immunity of administrators and boards of trustees.There is no liability on the part of and no cause of action arises against any board of trustees established under this Article, or against any administrator appointed as their representative, or any Club, its members or its employees, agents, contractors, or subcontractors for any good faith action taken by them in the performance of their powers and duties in creating or administering any Club under this Article. (1987, c. 330.)
NC Gen Stat § 58-21-1 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 21 - Surplus Lines Act.|§ 58-21-1 - Short title.

 58-21-1. Short title.This Article shall be known and may be cited as the "Surplus Lines Act". (1985, c. 688, s. 1.)
NC Gen Stat § 58-21-2 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 21 - Surplus Lines Act.|§ 58-21-2 - Relationship to other insurance laws.

 58-21-2. Relationship to other insurance laws.Except as provided in G.S. 58-21-21(c) and (g), unless surplus lines insurance, surplus lines licensees, nonadmitted domestic surplus lines insurers, or nonadmitted insurers are specifically referenced in a particular section of this Chapter, no sections contained in Articles of this Chapter other than this Article apply to surplus lines insurance, surplus lines licensees, nonadmitted domestic surplus lines insurers, or nonadmitted insurers.  (1999-219, s. 6.2; 2018-120, s. 2.1(a).)
NC Gen Stat § 58-21-4 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 21 - Surplus Lines Act.|§ 58-21-4 - Nonadmitted and Reinsurance Reform Act duties.

 58-21-4. Nonadmitted and Reinsurance Reform Act duties.(a) For the purposes of carrying out the provisions of the Nonadmitted and Reinsurance Reform Act of 2010, the Commissioner is authorized to utilize the national insurance producer database of the NAIC, or any other equivalent uniform national database, for the licensure of an individual or an entity as a surplus lines producer and for renewal of such license.(b) In order to assist in the performance of the Commissioner's duties, under the Nonadmitted and Reinsurance Reform Act of 2010, the Commissioner may contract with nongovernmental entities, including the NAIC or any affiliates or subsidiaries that the NAIC oversees, to perform any ministerial functions that the Commissioner and the nongovernmental entity may deem to be appropriate, including (i) the collection of fees related to producer licensing and (ii) the collection of the premium tax under G.S. 58-21-85. The NAIC or other entity with whom the Commissioner contracts may charge a reasonable fee to the insurer, insured, or other appropriate person for the functions performed.  (2011-120, s. 1.1.)
NC Gen Stat § 58-21-5 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 21 - Surplus Lines Act.|§ 58-21-5 - Purposes; necessity for regulation.

 58-21-5. Purposes; necessity for regulation.This Article shall be liberally construed and applied to promote its underlying purposes, which include all of the following:(1) Protecting persons in this State seeking insurance.(2) Permitting surplus lines insurance to be placed with reputable and financially sound nonadmitted domestic surplus lines insurers, nonadmitted insurers and exported from this State pursuant to this Article.(3) Establishing a system of regulation that will permit orderly access to surplus lines insurance in this State and encourage admitted insurers to provide new and innovative types of insurance available to consumers in this State.(4) Protecting revenues of this State.  (1985, c. 688, s. 1; 2018-120, s. 2.1(b).)