§ 58-24-5 – Lodge system.
58-24-5. Lodge system. (a) A society is operating on the lodge system if it has a supreme governing body and subordinate lodges into which members are elected, initiated or admitted in accordance with its laws, rules and ritual. Subordinate lodges shall be required by the laws of the society to hold regular meetings periodically in […]
§ 58-24-125 – Reports.
58-24-125. Reports. Reports shall be filed in accordance with the provisions of this section. (a) Every society transacting business in this State shall annually, on or before the first day of March, unless for cause shown such time has been extended by the Commissioner, file with the Commissioner a true statement of its financial condition, […]
§ 58-24-130 – Perpetual license.
58-24-130. Perpetual license. Subject to timely payment of the annual license continuation fee and subject to any other applicable provisions of the insurance laws of this State, a license, other than a preliminary license, to a fraternal benefit society under this Article shall continue in full force and effect. For each license the society shall […]
§ 58-24-135 – Examination of societies; no adverse publications.
58-24-135. Examination of societies; no adverse publications. (a) The Commissioner, or any person he or she may appoint, may examine any domestic, foreign or alien society transacting or applying for admission to transact business in this State in the same manner as authorized for examination of domestic, foreign or alien insurers. Requirements of notice and […]
§ 58-24-140 – Foreign or alien society Admission.
58-24-140. Foreign or alien society – Admission. No foreign or alien society shall transact business in this State without a license issued by the Commissioner. Any such society desiring admission to this State shall comply substantially with the requirements and limitations of this Article applicable to domestic societies. Any such society may be licensed to […]
§ 58-24-145 – Injunction – Liquidation – Receivership of domestic society.
58-24-145. Injunction – Liquidation – Receivership of domestic society. (a) When the Commissioner upon investigation finds that a domestic society: (1) Has exceeded its powers; (2) Has failed to comply with any provision of this Article; (3) Is not fulfilling its contracts in good faith; (4) Has a membership of less than 400 after an […]
§ 58-24-150 – Suspension, revocation or refusal of license of foreign or alien society.
58-24-150. Suspension, revocation or refusal of license of foreign or alien society. (a) When the Commissioner upon investigation finds that a foreign or alien society transacting or applying to transact business in this State: (1) Has exceeded its powers; (2) Has failed to comply with any of the provisions of this Article; (3) Is not […]
§ 58-24-155 – Injunction.
58-24-155. Injunction. No application or petition for injunction against any domestic, foreign or alien society, or lodge thereof, shall be recognized in any court of this State unless made by the Attorney General upon request of the Commissioner. (1987, c. 483, s. 2; 1991, c. 720, s. 4.)
§ 58-24-160 – Licensing of agents.
58-24-160. Licensing of agents. (a) Agents of societies shall be licensed in accordance with the provisions of the general insurance laws regulating the licensing, revocation, suspension or termination of license of resident and nonresident agents; provided that agents licensed pursuant to former G.S. 58-268 as of July 1, 1977, shall be exempt from examination. (b) […]
§ 58-24-165 – Unfair methods of competition and unfair and deceptive acts and practices.
58-24-165. Unfair methods of competition and unfair and deceptive acts and practices. Every society authorized to do business in this State shall be subject to the provisions of Article 63 of this Chapter relating to unfair methods of competition and unfair or deceptive acts or practices; provided, however, that nothing in such provisions shall be […]