§ 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 […]
§ 58-24-170 – Service of process.
58-24-170. Service of process. (a) Every society authorized to do business in this State shall appoint in writing the Commissioner and each successor in office to be its true and lawful attorney upon whom all lawful process in any action or proceeding against it shall be served, and shall agree in such writing that any […]
§ 58-24-175 – Review.
58-24-175. Review. All decisions and findings of the Commissioner made under the provisions of this Article shall be subject to review under G.S. 58-2-75. (1987, c. 483, s. 2; 1991, c. 720, ss. 4, 21.)
§ 58-24-100 – Investments.
58-24-100. Investments. A society shall invest its funds only in investments that are authorized by the laws of this State for the investment of assets of life insurers and subject to the limitations thereon. Any foreign or alien society permitted or seeking to do business in this State must comply in substance with the investment […]