North Carolina Administrative Code
Title 11 - INSURANCE
Chapter 13 - AGENT SERVICES DIVISION - NON-INSURANCE ENTITIES
Section .0400 - MOTOR CLUBS
Section 13 .0403 - MOTOR CLUB LICENSING PROCEDURES
Universal Citation: 11 NC Admin Code 13 .0403
Current through Register Vol. 39, No. 6, September 16, 2024
(a) Applicants must meet minimum qualifications as set forth in G.S. 58, Article 69.
(b) Applicants must submit a properly completed "Application for Motor Club License" to the Division. The following items shall be attached to and made a part of the application:
(1) a duly authenticated copy of the
applicant's articles of incorporation, together with all amendments and
supplements thereto;
(2) a duly
authenticated copy of the applicant's constitution and by-laws;
(3) if the applicant is a foreign
corporation, a copy of the certificate of authority to transact business in
this state issued by the North Carolina Secretary of State;
(4) copies of all membership solicitation
material, insurance certificates, membership cards, emblems, service contracts
and any other material supplied to members or prospective members by the
applicant;
(5) a current audited
financial statement of the applicant, proposed by a certified public accountant
or by a qualified independent accountant who is engaged in the public practice
of accounting, not more than three months prior to the date the application is
submitted to the Department of Insurance;
(6) a surety bond or deposit of securities as
specified in
G.S.
58-69-10;
(7) a complete summary of the applicant's
plan of operation in the State of North Carolina;
(8) a check in the amount of the license fee
as specified in
G.S.
58-69-10 (made payable to the North Carolina
Department of Insurance); and
(9)
such other data and information as the Commissioner of Insurance may deem
reasonably necessary to enable him to determine, in accordance with the
provisions of
G.S.
58-69-15, whether or not a license should be
issued to the applicant.
Authority
G.S.
58-2-40;
58-69-10;
58-69-20(4),
(5);
Eff. February 1,
1976;
Readopted Eff. January 1, 1978;
Amended Eff.
April 8, 2002;
Pursuant to
G.S.
150B-21.3A, rule is necessary without
substantive public interest Eff. June 25,
2016.
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