58-34-10. Management contracts. (a) Subject to G.S. 58-19-30(b)(4), any domestic insurer that enters into a management contract or custodial agreement must file that contract or agreement with the Commissioner on or before its effective date. (b) Any domestic insurer that has a management contract or custodial agreement shall file a statement with the initial filing […]
58-34-15. Grounds for disapproval. (a) The Commissioner must disapprove any management contract or custodial agreement filed under G.S. 58-34-10 if, at any time, the Commissioner finds: (1) That the service or management charges are based upon criteria unrelated either to the managed insurer’s profits or to the reasonable customary and usual charges for the services […]
58-34-2. Managing general agents. (a) As used in this Article: (1) "Control", including the terms "controlling", "controlled by", and "under common control", means the direct or indirect possession of the power to direct or cause the direction of the management and policies of a person, whether through the ownership of voting securities, by contract other […]
58-34-5. Retrospective compensation agreements. (a) Retrospective compensation agreements for business written under Articles 1 through 64 of this Chapter must be filed with the Commissioner for his approval. (b) "Retrospective compensation agreement" means any such arrangement, agreement, or contract having as its purpose the actual or constructive retention by a domestic insurer of a fixed […]
