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Home » US Law » 2022 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 […]