§ 58-30-310 – Exemption from filing fees.
58-30-310. Exemption from filing fees. As used in this section, "Commissioner" includes the Commissioner’s deputies, employees, or attorneys of record. The Commissioner is not required to pay any fee to any public officer in this State for filing, recording, issuing a transcript or certificate, or authenticating any paper or instrument pertaining to the exercise by […]
§ 58-30-260 – Conservation of property of foreign or alien insurers found in this State.
58-30-260. Conservation of property of foreign or alien insurers found in this State. (a) If a domiciliary liquidator has not been appointed, the Commissioner may apply to the Court by verified petition for an order directing him to act as conservator to conserve the property of an alien insurer not domiciled in this State or […]
§ 58-30-265 – Liquidation of property of foreign or alien insurers found in this State.
58-30-265. Liquidation of property of foreign or alien insurers found in this State. (a) If no domiciliary receiver has been appointed, the Commissioner may apply to the Court by verified petition for an order directing him to liquidate the assets found in this State of a foreign insurer or an alien insurer not domiciled in […]
§ 58-30-270 – Domiciliary liquidators in other states.
58-30-270. Domiciliary liquidators in other states. (a) The domiciliary liquidator of an insurer domiciled in a reciprocal state is, except as to special deposits and security on secured claims under G.S. 58-30-275(c), vested by operation of law with the title to all of the assets, property, contracts and rights of action, agents’ balances, and all […]
§ 58-30-275 – Ancillary formal proceedings.
58-30-275. Ancillary formal proceedings. (a) If a domiciliary liquidator has been appointed for an insurer not domiciled in this State, the Commissioner may file a petition with the Court requesting appointment as ancillary receiver in this State: (1) If he finds that there are sufficient assets of the insurer located in this State to justify […]
§ 58-30-280 – Ancillary summary proceedings.
58-30-280. Ancillary summary proceedings. The Commissioner in his sole discretion may institute proceedings under G.S. 58-30-60 through 58-30-70 at the request of the insurance regulator of the domiciliary state of any foreign or alien insurer having property located in this State. (1989, c. 452, s. 1.)
§ 58-30-285 – Claims of nonresidents against insurers domiciled in this State.
58-30-285. Claims of nonresidents against insurers domiciled in this State. (a) In a liquidation proceeding begun in this State against an insurer domiciled in this State, claimants residing in foreign countries or in states not reciprocal states must file claims in this State, and claimants residing in reciprocal states may file claims either with the […]
§ 58-30-290 – Claims of residents against insurers domiciled in reciprocal states.
58-30-290. Claims of residents against insurers domiciled in reciprocal states. (a) In a liquidation proceeding in a reciprocal state against an insurer domiciled in that state, claimants against the insurer who reside within this State may file claims either with the ancillary receiver, if any, in this State, or with the domiciliary liquidator. Claims must […]
§ 58-30-295 – Attachment, garnishment and levy of execution.
58-30-295. Attachment, garnishment and levy of execution. During the pendency in this or any other state of a liquidation proceeding, whether called by that name or not, no action or proceeding in the nature of an attachment, garnishment, or levy of execution shall be commenced or maintained in this State against the delinquent insurer or […]
§ 58-30-300 – Interstate priorities.
58-30-300. Interstate priorities. (a) In a liquidation proceeding in this State involving one or more reciprocal states, the order of distribution of the domiciliary state shall control as to all claims of residents of this and reciprocal states. All claims of residents of reciprocal states shall be given equal priority of payment from general assets […]