reglab/housing_qa huggingface dataset:
NC Gen Stat § 58-16-10 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 16 - Foreign or Alien Insurance Companies.|§ 58-16-10 - Limitation as to kinds of insurance.

 58-16-10. Limitation as to kinds of insurance.Any foreign or alien company admitted to do business in this State shall be limited with respect to doing kinds of insurance in this State in the same manner and to the same extent as are domestic companies, provided that any foreign insurance company which has been licensed to do the business of life insurance in this State continuously during a period of 20 years next preceding March 6, 1945, may continue to be licensed, in the discretion of the Commissioner, to do the kind or kinds of insurance business which it was authorized to do immediately prior to March 6, 1945. (1899, c. 44, s. 65; 1901, c. 391, s. 5; 1903, c. 438, s. 6; Rev., s. 4748; 1911, c. 111, s. 2; C.S., s. 6412; 1945, c. 384; 1985 (Reg. Sess., 1986), c. 1027, s. 53; 1987 (Reg. Sess., 1988), c. 975, s. 17.)
NC Gen Stat § 58-16-15 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 16 - Foreign or Alien Insurance Companies.|§ 58-16-15 - Foreign companies; requirements for admission.

 58-16-15. Foreign companies; requirements for admission. A company organized under the laws of any other of these United States for the transaction of life insurance may be admitted to do business in this State if it complies with the other provisions of Articles 1 through 64 of this Chapter regulating the terms and conditions upon which foreign life insurance companies may be admitted and authorized to do business in this State, and, in the opinion of the Commissioner, is in sound financial condition and has policies in force upon not less than 500 lives for an aggregate amount of not less than five hundred thousand dollars ($500,000). Any life company organized under the laws of any other country than the United States, in addition to the above requirements, must make and maintain the deposit required of such companies by Article 5 of this Chapter. (1899, c. 54, s. 56; Rev., s. 4774; C.S., s. 6456; 1945, c. 379; 1991, c. 720, ss. 4, 16.)
NC Gen Stat § 58-16-20 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 16 - Foreign or Alien Insurance Companies.|§ 58-16-20 - Company owned or controlled by foreign government prohibited from doing business.

 58-16-20. Company owned or controlled by foreign government prohibited from doing business.(a) Any insurance company or other insurance entity that is owned or controlled by any foreign government outside the continental limits of the United States or the territories of the United States is prohibited from doing any kind of insurance business in the State of North Carolina. For the purposes of this section, "foreign government" means any foreign government or any state, province, municipality, or political subdivision of any foreign government, and shall not be construed to apply to any insurance company organized under the laws of a foreign nation that is owned or controlled by the private citizens or private business interest of that foreign nation.(b) The Commissioner shall not license any insurance company or other insurance entity that is owned or controlled by any foreign government outside the continental limits of the United States or the territories of the United States, nor shall the Commissioner authorize any such company or entity to transact any kind of insurance business in the State of North Carolina.(c) Any insurance company or other insurance entity that is owned or controlled by any foreign government outside the continental limits of the United States or the territories of the United States, or any representative or agent of any such company or entity that violates the provisions of this section, is guilty of a Class 3 misdemeanor.(d) This section does not apply to the operating subsidiary of any insurance company or other insurance entity, where the company or entity is owned or controlled by any foreign government outside the continental limits of the United States or the territories of the United States, as long as the operating subsidiary is domesticated in and licensed by another state of the United States as an insurer or reinsurer and as a separate subsidiary. (1955, c. 449; 1991, c. 720, s. 4; 1993, c. 539, s. 449; 1994, Ex. Sess., c. 24, s. 14(c); 1997-179, s. 1.)
NC Gen Stat § 58-16-25 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 16 - Foreign or Alien Insurance Companies.|§ 58-16-25 - Retaliatory laws.

 58-16-25. Retaliatory laws.When, by the laws of any other state or nation, any fines, penalties, licenses, fees, deposits of money or of securities, or other obligations or prohibitions are imposed upon insurance companies of this State doing business in such other state or nation or upon their agents therein greater than those imposed by this State upon insurance companies of such other state, then, so long as such laws continue in force, the same fines, penalties, licenses, fees, deposits, obligations and prohibitions, of whatever kind, may in the discretion of the Commissioner be imposed upon all such insurance companies of such other state or nation doing business within this State and upon their agents here. Nothing herein repeals or reduces the license, fees, taxes, and other obligations now imposed by the laws of this State or to go into effect with the companies of any other state or nation unless some company of this State is actually doing or seeking to do business in such state or nation. When an insurance company organized under the laws of any state or country is prohibited by the laws of such state or country or by its charter from investing its assets other than capital stock in the bonds of this State, then and in such case the Commissioner is authorized and directed to refuse to grant a license to transact business in this State to such insurance company. (1899, c. 54, s. 71; 1903, c. 536, s. 11; Rev., s. 4749; C.S., s. 6413; 1927, c. 32; 1945, c. 384; 1987, c. 814, s. 3; 1991, c. 720, s. 4.)
NC Gen Stat § 58-16-30 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 16 - Foreign or Alien Insurance Companies.|§ 58-16-30 - Service of legal process upon Commissioner.

 58-16-30. Service of legal process upon Commissioner.As an alternative to service of legal process under G.S. 1A-1, Rule 4, the service of such process upon any insurance company or any foreign or alien entity licensed or admitted and authorized to do business in this State under the provisions of this Chapter may be made by the sheriff or any other person delivering and leaving a copy of the process in the office of the Commissioner with a deputy or any other person duly appointed by the Commissioner for that purpose; or acceptance of service of the process may be made by the Commissioner or a duly appointed deputy or person. Service may also be made by mailing a copy of the summons and of the complaint, registered or certified mail, return receipt requested, addressed to the Commissioner. As a condition precedent to a valid service of process under this section, the party obtaining such service shall pay to the Commissioner at the time of service or acceptance of service the sum of ten dollars ($10.00), which the party shall recover as part of the taxable costs if the party prevails in the action. (1899, c. 54, ss. 16, 62; 1903, c. 438, s. 6; Rev., s. 4750; C.S., s. 6414; 1927, c. 167, s. 1; 1931, c. 287; 1951, c. 781, s. 9; 1971, c. 421, s. 1; 1985, c. 666, s. 5; 1989, c. 645, s. 2; 1991, c. 720, s. 4; 1995, c. 517, s. 8.)
NC Gen Stat § 58-16-40 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 16 - Foreign or Alien Insurance Companies.|§ 58-16-40 - Alternative service of process on insurers.

 58-16-40. Alternative service of process on insurers.In addition to the procedures set out in Articles 1 through 64 of this Chapter, insurers may be served with process and subjected to the jurisdiction of the courts of this State pursuant to applicable provisions of Chapter 1 and Chapter 1A of the General Statutes. (1967, c. 954, s. 3.)
NC Gen Stat § 58-16-45 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 16 - Foreign or Alien Insurance Companies.|§ 58-16-45 - Commissioner to notify company of service or acceptance of service of process.

 58-16-45. Commissioner to notify company of service or acceptance of service of process.When service of legal process is made in the manner provided in G.S. 58-16-30, the Commissioner or his duly appointed deputy shall within four business days thereafter notify the company served of such service or acceptance of service by registered or certified mail directed to its secretary, or its resident manager in the case of a foreign company having no secretary in the United States. Such notification shall be accompanied by a copy of the process served or accepted and any pleading or order accompanying the process. The Commissioner shall keep a record which shall show the day and hour of such service or acceptance of service of process and whether any pleading or order accompanied the process. When service is made under the provisions of G.S. 58-16-30, the time within which to file a responsive pleading, as provided by Chapter 1A of the General Statutes, shall be deemed extended by 12 days. (1899, c. 54, s. 16; Rev., s. 4751; C.S., s. 6415; 1927, c. 167, s. 2; 1971, c. 421, s. 2; 1985, c. 666, s. 7; 1987, c. 752, s. 11; 1991, c. 720, s. 4.)
NC Gen Stat § 58-16-50 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 16 - Foreign or Alien Insurance Companies.|§ 58-16-50 - Action to enforce compliance with this Chapter.

 58-16-50. Action to enforce compliance with this Chapter.Compliance with the provisions of Articles 1 through 64 of this Chapter as to deposits, obligations, and prohibitions, and the payment of taxes, fines, fees, and penalties by foreign or alien insurance companies, may be enforced in the ordinary course of legal procedure by action brought in the Superior Court of Wake County by the Attorney General in the name of the State upon the relation of the Commissioner of Insurance. (1899, c. 54, s. 102; 1903, c. 438, s. 10; Rev., s. 4752; C.S., s. 6416; 1945, c. 384.)
NC Gen Stat § 58-16-55 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 16 - Foreign or Alien Insurance Companies.|§ 58-16-55 - Amendments to documents.

 58-16-55. Amendments to documents.Any change in or amendment to any document required to be filed under G.S. 58-16-5 shall be promptly filed with the Commissioner. (1989, c. 485, s. 49.)
NC Gen Stat § 58-17-1 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 17 - "Lloyds" Insurance Associations.|§ 58-17-1 - "Lloyds" insurance associations may transact business of insurance other than life, on certain conditions.

 58-17-1. "Lloyds" insurance associations may transact business of insurance other than life, on certain conditions.Associations of individuals, whether organized within the State or elsewhere, formed upon the plan known as "Lloyds" - whereby each associate underwriter becomes liable for a proportionate part of the whole amount insured by policy - may be authorized to transact business of insurance, other than life, in this State, in like manner and upon the same terms and conditions as are required of and imposed upon insurance companies regularly organized; but all such "Lloyds" whether organized within the State or elsewhere, shall make the same deposit, and upon the same terms and conditions as required by Articles 5 and 16 of this Chapter for foreign or alien insurance companies incorporated under the laws of any government or state other than the United States or one of the several states of the Union. Provided, such associations shall be subject to all of the laws and regulations of the State of North Carolina relating to the transaction of insurance business within this State. (1967, c. 844.)
NC Gen Stat § 58-19-1 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 19 - Insurance Holding Company System Regulatory Act.|§ 58-19-1 - Findings; purpose; legislative intent.

 58-19-1. Findings; purpose; legislative intent.(a) The General Assembly finds that the public interest and the interests of policyholders are or may be adversely affected when any of the following occur:(1) Control of an insurer is sought by persons who would utilize such control adversely to the interests of policyholders.(2) Acquisition of control of an insurer would substantially lessen competition or create a monopoly in the insurance business in this State.(3) An insurer that is part of an insurance holding company system is caused to enter into transactions or relationships with affiliated companies on terms that are not fair and reasonable.(4) An insurer pays dividends to shareholders that jeopardize the financial condition of such insurer.(b) The General Assembly declares that the policies and purposes of this Article are to promote the public interest by doing all of the following:(1) Requiring disclosure of pertinent information relating to changes in control of an insurer.(2) Requiring disclosure by an insurer of material transactions and relationships between the insurer and its affiliates, including certain dividends to shareholders paid by the insurer.(3) Providing standards governing material transactions between an insurer and its affiliates.  (1989, c. 722, s. 1; 2015-146, s. 1.1; 2015-281, s. 13.)
NC Gen Stat § 58-19-2 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 19 - Insurance Holding Company System Regulatory Act.|§ 58-19-2 - Compliance with federal law.

 58-19-2. Compliance with federal law.(a) As used in this section, "depository institution" has the same meaning as in section 3 of the Federal Deposit Insurance Act, 12 U.S.C. 1813, and includes any foreign bank that maintains a branch, an agency, or a commercial lending company in the United States.(b) With respect to affiliations between a depository institution or any affiliate of a depository institution and any insurer, the provisions of section 104(c) of the Gramm-Leach-Bliley Act, P.L. 106-102, shall apply to this Article. (2001-215, s. 2.)
NC Gen Stat § 58-19-17 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 19 - Insurance Holding Company System Regulatory Act.|§ 58-19-17 - Foreign or alien insurer's report of change of control.

 58-19-17. Foreign or alien insurer's report of change of control.(a) As used in this section, "controlling capital stock" means enough of an insurer's shares of the issued and outstanding stock, as defined in G.S. 58-19-5(2), to give its owner the power to exercise a controlling influence over the management or policies of the insurer.(b) If there is a change in the controlling capital stock or a change of twenty-five percent (25%) or more of the assets of a foreign or alien insurer, the insurer shall report the change in writing to the Commissioner within 30 days after the effective date of the change. The report shall be in a form prescribed by the Commissioner and shall contain the name and address of the new owners of the controlling stock or assets, the nature and value of the new assets, and other relevant information that the Commissioner requires. (1991, c. 681, s. 38.)
NC Gen Stat § 58-19-37 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 19 - Insurance Holding Company System Regulatory Act.|§ 58-19-37 - Supervisory colleges.

 58-19-37. Supervisory colleges.(a) With respect to any insurer registered under G.S. 58-19-25, and in accordance with subsection (c) of this section, the Commissioner shall also have the power to participate in a supervisory college for any domestic insurer that is part of an insurance holding company system with international operations in order to determine compliance by the insurer with this Chapter. The powers of the Commissioner with respect to supervisory colleges include, but are not limited to, the following:(1) Initiating the establishment of a supervisory college.(2) Clarifying the membership and participation of other supervisors in the supervisory college.(3) Clarifying the functions of the supervisory college and the role of other regulators, including the establishment of a group-wide supervisor.(4) Coordinating the ongoing activities of the supervisory college, including planning meetings, supervisory activities, and processes for information sharing.(5) Establishing a crisis management plan.(b) Each registered insurer subject to this section shall be liable for and shall pay the reasonable expenses of the Commissioner's participation in a supervisory college in accordance with subsection (c) of this section, including reasonable travel expenses. For purposes of this section, a supervisory college may be convened as either a temporary or permanent forum for communication and cooperation between the regulators charged with the supervision of the insurer or its affiliates, and the Commissioner may establish a regular assessment to the insurer for the payment of these expenses.(c) In order to assess the business strategy, financial position, legal and regulatory position, risk exposure, risk management, and governance processes, and as part of the examination of individual insurers in accordance with G.S. 58-19-35, the Commissioner may participate in a supervisory college with other regulators charged with supervision of the insurer or its affiliates, including other state, federal, and international regulatory agencies. The Commissioner may enter into agreements in accordance with G.S. 58-19-40 providing the basis for cooperation between the Commissioner and the other regulatory agencies and the activities of the supervisory college. Nothing in this section shall delegate to the supervisory college the authority of the Commissioner to regulate or supervise the insurer or its affiliates within its jurisdiction.  (2015-146, s. 1.7; 2015-281, s. 13.)
NC Gen Stat § 58-19-45 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 19 - Insurance Holding Company System Regulatory Act.|§ 58-19-45 - Injunctions; prohibitions against the voting of securities; sequestration of voting securities.

 58-19-45. Injunctions; prohibitions against the voting of securities; sequestration of voting securities.(a) Whenever it appears to the Commissioner that any person has committed or is about to commit a violation of this Article or of any rule or order of the Commissioner under this Article, the Commissioner may apply to the Superior Court of Wake County for an order enjoining such person from violating or continuing to violate this Article or any such rule or order; and for such other equitable relief as the nature of the case and the interest of the domestic insurer's policyholders or the public may require.(b) No security that is the subject of any agreement or arrangement regarding acquisition, or that is acquired or to be acquired, in contravention of the provisions of this Article or of any rule or order of the Commissioner under this Article, may be voted at any shareholder's meeting nor may be counted for quorum purposes; and any action of shareholders requiring the affirmative vote of a percentage of shares may be taken as though such securities were not issued and outstanding. No action taken at any such meeting shall be invalidated by the voting of such securities, unless the action would materially affect control of the insurer or unless the courts of this State have so ordered. If an insurer or the Commissioner has reason to believe that any security of the insurer has been or is about to be acquired in contravention of the provisions of this Article or of any rule or order issued by the Commissioner under this Article, the insurer or the Commissioner may apply to the Superior Court of Wake County to enjoin any offer, request, invitation, agreement, or acquisition made in contravention of G.S. 58-19-15 or any rule or order of the Commissioner under that section to enjoin the voting of any security so acquired, to void any vote of such security already cast at any meeting of shareholders, and for such other equitable relief as the nature of the case and the interest of the insurer's policyholders or the public may require.(c) In any case where a person has acquired or is proposing to acquire any voting securities in violation of this Article or any rule or order of the Commissioner under this Article, the Superior Court of Wake County may, on such notice as the court considers appropriate and upon the application of the insurer or the Commissioner, seize or sequester any voting securities of the insurer owned directly or indirectly by the person, and issue an order with respect thereto as may be appropriate to effectuate the provisions of this Article. Notwithstanding any other provision of law, for the purposes of this Article the sites of the ownership of the securities of domestic insurers are in this State. (1989, c. 722, s. 1; 1991, c. 681, s. 37; 1993, c. 452, s. 34.)
NC Gen Stat § 58-19-55 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 19 - Insurance Holding Company System Regulatory Act.|§ 58-19-55 - Receivership.

 58-19-55. Receivership.Whenever it appears to the Commissioner that any person has committed a violation of this Article that so impairs the financial condition of a domestic insurer as to threaten insolvency or make the further transaction of business by it hazardous to its policyholders, creditors, shareholders, or the public, then the Commissioner may proceed as provided in Article 30 of this Chapter. (1989, c. 722, s. 1.)