North Carolina Administrative Code
Title 11 - INSURANCE
Chapter 13 - AGENT SERVICES DIVISION - NON-INSURANCE ENTITIES
Section .0300 - INSURANCE PREMIUM FINANCE COMPANIES
Section 13 .0305 - CANCELLATION OF SURETY BOND
Universal Citation: 11 NC Admin Code 13 .0305
Current through Register Vol. 39, No. 6, September 16, 2024
If the surety bond as specified in G.S. 58-35-15(a) is cancelled for any reason during the period a premium finance company holds a valid license from the Department, the licensee shall be notified in writing by the Commissioner that its license is void until such time as a proper surety bond is received by the Department.
Authority
G.S.
58-2-40;
58-35-15(a);
Eff. February 1, 1976;
Readopted Eff. January 1, 1978;
Amended Eff. April 8, 2002; May 1, 1989;
Pursuant to
G.S.
150B-21.3A, rule is necessary without
substantive public interest Eff. June 25,
2016.
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