reglab/housing_qa huggingface dataset:
NC Gen Stat § 58-22-35 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 22 - Liability Risk Retention.|§ 58-22-35 - Purchasing groups; exemption from certain laws relating to the group purchase of insurance.

 58-22-35. Purchasing groups; exemption from certain laws relating to the group purchase of insurance.(a) Any purchasing group meeting the criteria established under the provisions of 15 U.S.C. 3901 et seq. is exempt from any law of this State relating to the creation of groups for the purchase of insurance, prohibition of group purchasing, or any law that discriminates against a purchasing group or its members. In addition, an insurer is exempt from any law of this State that prohibits providing, or offering to provide, to a purchasing group or its members, advantages based on their loss and expense experience not afforded to other persons with respect to rates, policy forms, coverages, or other matters. A purchasing group is subject to all other applicable laws of this State.(b) Taxes on premiums paid for coverage of risks resident or located in this State by a purchasing group or any members of the purchasing group shall be:(1) Imposed at the same rate and subject to the same interest, fines, and penalties as those applicable to premium taxes on similar coverage from a similar insurance source by other insureds. For example, coverage provided by a surplus lines licensee is taxed under Article 21 of this Chapter, coverage provided by an insurance company is taxed under Article 8B of Chapter 105 of the General Statutes, and coverage provided by an unlicensed insurer is taxed under G.S. 58-28-5(b).(2) Paid first by such insurance source, and if not by such source then by the agent or broker for the purchasing group, and if not by such agent or broker then by the purchasing group, and if not by such group then by each of its members. (1987, c. 310, s. 1; c. 727, s. 9; 1995 (Reg. Sess., 1996), c. 747, s. 10.)
NC Gen Stat § 58-22-40 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 22 - Liability Risk Retention.|§ 58-22-40 - Notice and registration requirements of purchasing groups.

 58-22-40. Notice and registration requirements of purchasing groups.(a) A purchasing group that intends to do business in this State shall, before doing business, furnish notice to the Commissioner that shall:(1) Identify the state in which the group is domiciled;(2) Specify the lines and classifications of liability insurance that the purchasing group intends to purchase;(3) Identify the insurer from which the group intends to purchase its insurance and the domicile of such insurer;(4) Identify the principal place of business of the group;(5) Provide such other information as may be required by the Commissioner to verify that the purchasing group is qualified under G.S. 58-22-10(9);(6) Specify the method by which and the person or persons, if any, through whom insurance will be offered to its members whose risks are resident or located in this State; and furnish such information as may be required by the Commissioner to determine the appropriate premium tax treatment; and(7) Identify all other states in which the group intends to do business.(b) The purchasing group shall register with and designate the Commissioner as its agent solely for the purpose of receiving service of legal documents or process, except that such requirement does not apply in the case of a purchasing group:(1) Thata. Was domiciled before April 2, 1986, in any state of the United States; andb. Is domiciled on and after October 27, 1986, in any state of the United States;(2) That before October 27, 1986, purchased insurance from an insurer licensed in any state; and since October 27, 1986, purchased its insurance from an insurer licensed in any state;(3) That was a purchasing group under the requirements of the Product Liability Retention Act of 1981 before October 27, 1986; and(4) That does not purchase insurance that was not authorized for purposes of an exemption under that act, as in effect before October 27, 1986.(c) A purchasing group shall notify the Commissioner of any changes in any of the items in subsection (a) of this section within 10 days after those changes.(d) Each purchasing group that is required to give notice under subsection (a) of this section shall also furnish such information as may be required by the Commissioner to:(1) Verify that the entity qualifies as a purchasing group;(2) Determine where the purchasing group is located; and(3) Determine appropriate tax treatment. (1987, c. 310, c. 727, s. 10; 1993, c. 452, s. 38.)
NC Gen Stat § 58-22-45 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 22 - Liability Risk Retention.|§ 58-22-45 - Restriction on insurance purchased by purchasing groups.

 58-22-45. Restriction on insurance purchased by purchasing groups.(a) A purchasing group may not purchase insurance from a risk retention group that is not chartered in a state nor from an insurer not admitted in the state in which the purchasing group is located, unless the purchase is effected through a licensed agent or broker acting pursuant to the surplus lines laws and regulations of such state.(b) A purchasing group that obtains liability insurance from a nonadmitted insurer or from a risk retention group shall provide each member of the purchasing group that has a risk resident or located in this State with the notice specified in G.S. 58-21-45(f) or G.S. 58-22-20(7), whichever is applicable.(c) No purchasing group may purchase insurance that provides for a deductible or for a self-insured retention applicable to the group as a whole; provided, however, that coverage may provide for a deductible or for self-insured retention applicable to members of the group. (1987, c. 310, c. 727, s. 11.)
NC Gen Stat § 58-22-50 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 22 - Liability Risk Retention.|§ 58-22-50 - Administrative and procedural authority regarding risk retention groups and purchasing groups.

 58-22-50. Administrative and procedural authority regarding risk retention groups and purchasing groups.The Commissioner is authorized to make use of any of the powers established under Articles 1 through 64 of this Chapter to enforce the laws of this State as long as those powers are not specifically preempted by the Product Liability Risk Retention Act of 1981, as amended by the Risk Retention Act of 1986. This includes, but is not limited to, the Commissioner's administrative authority to investigate, issue subpoenas, conduct depositions and hearings, issue orders, and seek or impose penalties. With regard to any investigation, administrative proceeding, or litigation, the Commissioner can rely on the procedural law and regulations of the State. The injunctive authority of the Commissioner in regard to risk retention groups is restricted by the requirement that any injunction be issued by a court of competent jurisdiction. (1987, c. 310.)
NC Gen Stat § 58-22-55 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 22 - Liability Risk Retention.|§ 58-22-55 - Penalties.

 58-22-55. Penalties.A risk retention group that violates any provision of this Article is subject to G.S. 58-2-70. (1985 (Reg. Sess., 1986), c. 1013, s. 8; 1987, c. 310.)
NC Gen Stat § 58-22-60 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 22 - Liability Risk Retention.|§ 58-22-60 - Duty of agents or brokers to obtain license.

 58-22-60. Duty of agents or brokers to obtain license.Any person acting, or offering to act, as an agent or broker for a risk retention group or purchasing group, that solicits members, sells insurance coverage, purchases coverage for its members located within the State, or otherwise does business in this State shall, before commencing any such activity, obtain a license from the Commissioner. (1987, c. 310.)
NC Gen Stat § 58-22-65 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 22 - Liability Risk Retention.|§ 58-22-65 - Binding effect of orders issued in U.S. District Court.

 58-22-65. Binding effect of orders issued in U.S. District Court.An order issued by any district court of the United States enjoining a risk retention group from soliciting or selling insurance, or operating, in any state, or in all states or in any territory or possession of the United States, upon a finding that such a group is in a hazardous financial condition, is enforceable in the courts of this State. (1987, c. 310.)
NC Gen Stat § 58-22-70 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 22 - Liability Risk Retention.|§ 58-22-70 - Registration and renewal fees.

 58-22-70. Registration and renewal fees.Every risk retention group and purchasing group that registers with the Commissioner under this Article shall pay the following fees:Risk retention group registration....................................................... $  500.00  Purchasing group registration............................................................   500.00  Risk retention group renewal............................................................. 1,500.00  Purchasing group renewal.................................................................   100.00  Registration fees shall not be prorated and must be submitted with the application for registration. Renewal fees shall not be prorated and shall be paid on or before January 1 of each year.  (1989 (Reg. Sess., 1990), c. 1069, s. 12; 1995, c. 507, s. 11A(c); 1999-435, s. 3; 2009-451, s. 21.12(a).)
NC Gen Stat § 58-23-1 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 23 - Local Government Risk Pools.|§ 58-23-1 - Short title; definition.

 58-23-1. Short title; definition.This Article shall be known and may be cited as the Local Government Risk Pool Act. As used in this Article, "local government" means any county, city, or housing authority located in this State. (1985 (Reg. Sess., 1986), c. 1027, s. 26; 1987, c. 864, s. 30.)
NC Gen Stat § 58-23-5 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 23 - Local Government Risk Pools.|§ 58-23-5 - Local government pooling of property, liability and workers' compensation coverages.

 58-23-5. Local government pooling of property, liability and workers' compensation coverages.(a) In addition to other authority granted to local governments under Chapters 153A and 160A of the General Statutes to jointly purchase insurance or pool retention of their risks, two or more local governments may enter into contracts or agreements under this Article for the joint purchasing of insurance or to pool retention of their risks for property losses and liability claims and to provide for the payment of such losses of or claims made against any member of the pool on a cooperative or contract basis with one another, or may enter into a trust agreement to carry out the provisions of this Article.(b) In addition to other authority granted to local governments under Chapters 153A and 160A of the General Statutes or under G.S. 97-7 to jointly purchase insurance or pool retention of their risks, two or more local governments may enter into contracts or agreements pursuant to this Article to establish a separate workers' compensation pool to provide for the payment of workers' compensation claims under Chapter 97 of the General Statutes.(c) In addition to other authority granted to local governments under Chapters 153A and 160A of the General Statutes to pool retention of their risks, two or more local governments may enter into contracts or agreements under this Article to establish pools providing for life or accident and health insurance for their employees on a cooperative or contract basis with one another; or may enter into a trust agreement to carry out the provisions of this Article.(d) A workers' compensation pool established under this Article may only provide coverage for workers' compensation, employers' liability, and occupational disease claims.(e) Local governments that intend to operate under this Article shall give the Commissioner 30 days' advance written notification, in a form prescribed by the Commissioner, that they intend to organize and operate risk pools pursuant to this Article. Local governments that jointly purchase insurance or pool retention of their risks under authority granted to them in Chapters 153A and 160A of the General Statutes or under G.S. 97-7 and that do not provide the Commissioner with the notification prescribed by this subsection shall not be subject to regulation by the Commissioner and shall not be under the jurisdiction of the Commissioner. (1985 (Reg. Sess., 1986), c. 1027, s. 26; 1987, c. 441, s. 14; 2001-334, s. 18.3.)
NC Gen Stat § 58-23-10 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 23 - Local Government Risk Pools.|§ 58-23-10 - Board of trustees.

 58-23-10. Board of trustees.(a) Each pool will be operated by a board of trustees consisting of at least five persons who are elected officials or employees of local governments within this State. The board of trustees of each pool will:(1) Establish terms and conditions of coverage within the pool, including underwriting criteria and exclusions of coverage;(2) Ensure that all valid claims are paid promptly;(3) Take all necessary precautions to safeguard the assets of the pool;(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 board of trustees and to provide day to day management of the group and delineate in written minutes of its meetings the areas of authority it delegates to the administrator; and(6) Establish guidelines for membership in the pool.(b) The board of trustees may not:(1) Extend credit to individual members for payment of a premium, except pursuant to payment plans approved by the Commissioner.(2) Borrow any moneys from the pool or in the name of the pool, except in the ordinary course of business, without first advising the Commissioner of the nature and purpose of the loan and obtaining prior approval from the Commissioner. (1985 (Reg. Sess., 1986), c. 1027, s. 26.)
NC Gen Stat § 58-23-15 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 23 - Local Government Risk Pools.|§ 58-23-15 - Contract.

 58-23-15. Contract.A contract or agreement made pursuant to this Article must contain provisions:(1) For a system or program of loss control;(2) For termination of membership including either:a. Cancellation of individual members of the pool by the pool; orb. Election by an individual member of the pool to terminate its participation;(3) Requiring the pool to pay all claims for which each member incurs liability during each member's period of membership, except where a member has individually retained the risk, where the risk is not covered, and except for amount of claims above the coverage provided by the pool.(4) For the maintenance of claim reserves equal to known incurred losses and loss adjustment expenses and to an estimate of incurred but not reported losses;(5) For a final accounting and settlement of the obligations of or refunds to a terminating member to occur when all incurred claims are concluded, settled, or paid;(6) That the pool may establish offices where necessary in this State and employ necessary staff to carry out the purposes of the pool;(7) That the pool may 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;(8) That the pool may make and alter bylaws and rules pertaining to the exercise of its purpose and powers;(9) That the pool may purchase, lease, or rent real and personal property it deems to be necessary; and(10) That the pool may enter into financial services agreements with financial institutions and that it may issue checks in its own name. (1985 (Reg. Sess., 1986), c. 1027, s. 26.)
NC Gen Stat § 58-23-20 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 23 - Local Government Risk Pools.|§ 58-23-20 - Termination.

 58-23-20. Termination.A pool or a terminating member must provide at least 90 days' written notice of the termination or cancellation. A workers' compensation pool must notify the Commissioner of the termination or cancellation of a member within 10 days after notice of termination or cancellation is received or issued. (1985 (Reg. Sess., 1986), c. 1027, s. 26.)
NC Gen Stat § 58-23-26 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 23 - Local Government Risk Pools.|§ 58-23-26 - Financial monitoring and evaluation of pools.

 58-23-26. Financial monitoring and evaluation of pools.(a) Each pool shall have an annual audit by an independent certified public accountant, pursuant to Part 7 of Article 10 of this Chapter, at the expense of the pool, and shall make a copy of the audit available to the governing body or chief executive officer of each member of the pool. A copy of the audit shall be filed with the Commissioner within 130 days after the end of the pool's fiscal year, unless that time is extended by the Commissioner. The annual audit shall report the financial position of the pool in conformity with statutory accounting practices prescribed or permitted by the Commissioner.(b) Each pool shall have an actuarial evaluation of its loss and loss adjustment expense reserves, including reserves for loss and loss adjustment expenses incurred but not reported, performed annually by a qualified actuary. A copy of the evaluation shall be filed with the Commissioner along with the annual audit submitted pursuant to subsection (a) of this section. A "qualified actuary" shall be as defined or prescribed by the Commissioner.(c) Each pool is subject to G.S. 58-2-131, 58-2-132, 58-2-133, 58-2-134, 58-2-150, 58-2-155, 58-2-165, 58-2-180, 58-2-185, 58-2-190, 58-2-200, 58-3-71, 58-3-75, 58-3-81, 58-3-105, 58-6-5, 58-7-21, 58-7-26, 58-7-30, 58-7-31, 58-7-50, 58-7-55, 58-7-140, 58-7-160, 58-7-162, 58-7-163, 58-7-165, 58-7-167, 58-7-168, 58-7-170, 58-7-172, 58-7-173, 58-7-175, 58-7-179, 58-7-180, 58-7-183, 58-7-185, 58-7-187, 58-7-188, 58-7-192, 58-7-193, 58-7-197, 58-7-200, Part 7 of Article 10, and Articles 13, 19, and 34 of this Chapter. Annual financial statements required by G.S. 58-2-165 shall be filed by each pool within 60 days after the end of the pool's fiscal year, subject to extension by the Commissioner.  (1993, c. 452, s. 39; c. 504, s. 45; 1999-132, s. 11.4; 2001-223, s. 8.10; 2003-212, s. 12; 2009-384, s. 2.)
NC Gen Stat § 58-23-30 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 23 - Local Government Risk Pools.|§ 58-23-30 - Insolvency or impairment of pool.

 58-23-30. Insolvency or impairment of pool.(a) If, as a result of the annual audit or an examination by the Commissioner, it appears that the assets of a pool are insufficient to enable the pool to discharge its legal liabilities and other obligations, the Commissioner must notify the administrator and the board of trustees of the pool of the deficiency and his list of recommendations to abate the deficiency, including a recommendation not to add any new members until the deficiency is abated. If the pool 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 pool 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 pool.(b) If a pool is determined to be insolvent, financially impaired, or is otherwise found to be unable to discharge its legal liabilities and other obligations, each pool contract will provide that the members of the pool shall be assessed on a pro rata basis as calculated by the amount of each member's average annual contribution in order to satisfy the amount of deficiency. Members of a pool may, by contract, agree to limit the assessment to the amount of each member's annual contribution to the pool. Such a contractual agreement shall not impair the authority granted the Commissioner by this section. (1985 (Reg. Sess., 1986), c. 1027, s. 26; 1987, c. 441, ss. 16, 17.)
NC Gen Stat § 58-23-35 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 23 - Local Government Risk Pools.|§ 58-23-35 - Immunity of administrators and boards of trustees.

 58-23-35. 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 or administrator appointed pursuant to G.S. 58-23-10, their representatives, or any pool, 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 pool under this Article. (1985 (Reg. Sess., 1986), c. 1027, s. 26.)
NC Gen Stat § 58-23-40 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 23 - Local Government Risk Pools.|§ 58-23-40 - Pools not covered by guaranty associations.

 58-23-40. Pools not covered by guaranty associations.The provisions of Articles 48 and 62 of this Chapter and of Article 4 of Chapter 97 of the General Statutes do not apply to any risks retained by local governments pursuant to this Article. (1985 (Reg. Sess., 1986), c. 1027, s. 26; 1987, c. 441, s. 18; 1993, c. 504, s. 16.)
NC Gen Stat § 58-23-45 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 23 - Local Government Risk Pools.|§ 58-23-45 - Relationship to other insurance laws.

 58-23-45. Relationship to other insurance laws.Unless local government risk pools are specifically referenced in a particular section of this Chapter, no provisions in this Chapter other than this Article apply to local government risk pools. (1999-351, s. 6.)
NC Gen Stat § 58-24-1 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 24 - Fraternal Benefit Societies.|§ 58-24-1 - Fraternal benefit societies.

 58-24-1. Fraternal benefit societies.Any incorporated society, order or supreme lodge, without capital stock, including one exempted under the provisions of G.S. 58-24-185(a)(2) whether incorporated or not, conducted solely for the benefit of its members and their beneficiaries and not for profit, operated on a lodge system with ritualistic form of work, having a representative form of government, and which provides benefits in accordance with this Article, is hereby declared to be a fraternal benefit society. (1987, c. 483, s. 2.)
NC Gen Stat § 58-24-5 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 24 - Fraternal Benefit Societies.|§ 58-24-5 - Lodge system.

 58-24-5. Lodge system.(a) A society is operating on the lodge system if it has a supreme governing body and subordinate lodges into which members are elected, initiated or admitted in accordance with its laws, rules and ritual. Subordinate lodges shall be required by the laws of the society to hold regular meetings periodically in futherance of the purposes of the society.(b) A society may, at its option, organize and operate lodges for children under the minimum age for adult membership. Membership and initiation in local lodges shall not be required of such children, nor shall they have a voice or vote in the management of the society. (1987, c. 483, s. 2.)