§ 58-24-1 – Fraternal benefit societies.
58-24-1. Fraternal benefit societies. Any incorporated society, order or supreme lodge, without capital stock, including one exempted under the provisions of G.S. 58-24-185(a)(2) whether incorporated or not, conducted solely for the benefit of its members and their beneficiaries and not for profit, operated on a lodge system with ritualistic form of work, having a representative […]
§ 58-23-26 – Financial monitoring and evaluation of pools.
58-23-26. Financial monitoring and evaluation of pools. (a) Each pool shall have an annual audit by an independent certified public accountant, pursuant to Part 7 of Article 10 of this Chapter, at the expense of the pool, and shall make a copy of the audit available to the governing body or chief executive officer of […]
§ 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 […]
§ 58-23-30 – Insolvency or impairment of pool.
58-23-30. Insolvency or impairment of pool. (a) If, as a result of the annual audit or an examination by the Commissioner, it appears that the assets of a pool are insufficient to enable the pool to discharge its legal liabilities and other obligations, the Commissioner must notify the administrator and the board of trustees of […]
§ 58-23-35 – Immunity of administrators and boards of trustees.
58-23-35. Immunity of administrators and boards of trustees. There is no liability on the part of and no cause of action arises against any board of trustees established or administrator appointed pursuant to G.S. 58-23-10, their representatives, or any pool, its members, or its employees, agents, contractors, or subcontractors for any good faith action taken […]
§ 58-23-40 – Pools not covered by guaranty associations.
58-23-40. Pools not covered by guaranty associations. The provisions of Articles 48 and 62 of this Chapter and of Article 4 of Chapter 97 of the General Statutes do not apply to any risks retained by local governments pursuant to this Article. (1985 (Reg. Sess., 1986), c. 1027, s. 26; 1987, c. 441, s. 18; […]
§ 58-23-45 – Relationship to other insurance laws.
58-23-45. Relationship to other insurance laws. Unless local government risk pools are specifically referenced in a particular section of this Chapter, no provisions in this Chapter other than this Article apply to local government risk pools. (1999-351, s. 6.)
§ 58-23-10 – Board of trustees.
58-23-10. Board of trustees. (a) Each pool will be operated by a board of trustees consisting of at least five persons who are elected officials or employees of local governments within this State. The board of trustees of each pool will: (1) Establish terms and conditions of coverage within the pool, including underwriting criteria and […]
§ 58-23-15 – Contract.
58-23-15. Contract. A contract or agreement made pursuant to this Article must contain provisions: (1) For a system or program of loss control; (2) For termination of membership including either: a. Cancellation of individual members of the pool by the pool; or b. Election by an individual member of the pool to terminate its participation; […]
§ 58-22-35 – Purchasing groups; exemption from certain laws relating to the group purchase of insurance.
58-22-35. Purchasing groups; exemption from certain laws relating to the group purchase of insurance. (a) Any purchasing group meeting the criteria established under the provisions of 15 U.S.C. 3901 et seq. is exempt from any law of this State relating to the creation of groups for the purchase of insurance, prohibition of group purchasing, or […]