North Carolina Administrative Code
Title 11 - INSURANCE
Chapter 10 - PROPERTY AND CASUALTY DIVISION
Section .1000 - LICENSING OF JOINT UNDERWRITING ORGANIZATIONS
Section 10 .1002 - PROCEDURE FOR APPLICATION OF NEW LICENSE

Universal Citation: 11 NC Admin Code 10 .1002

Current through Register Vol. 39, No. 6, September 16, 2024

Joint underwriting organizations and joint reinsurance organizations not previously licensed shall submit the fee set forth in G.S. 58-6-7 and an application, including, but not limited to:

(1) the name and address of the organization;

(2) a copy of:

(a) its constitution, charter, or articles of incorporation, association, or agreement;

(b) its bylaws, plan of operation, or other rules governing its business duly certified by the custodian of the original thereof;

(c) any other rules or regulations governing the conduct of its business.

(3) a list of the insurers who are members or subscribers;

(4) list of the states where the organization is licensed;

(5) a list of the lines of insurance involved;

(6) the names and addresses of all officers and managers;

(7) the name and address of one or more residents of this state appointed to receive notices, process, or orders;

(8) a statement demonstrating its technical qualifications;

(9) a check in payment of the organization license fee;

(10) such other information as the commissioner may require.

Authority G.S. 58-2-40; 58-40-60;
Eff. July 11, 1978;
Amended Eff. April 8, 2002; January 1, 1989;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. January 3, 2017.

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