Section .0700 ‑ Insurance In Unlicensed Foreign And Alien Companies

Link to law: http://reports.oah.state.nc.us/ncac/title 11 - insurance/chapter 10 - property and casualty division/11 ncac 10 .0701.html
Published: 2015

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SECTION .0700 ‑ INSURANCE IN UNLICENSED FOREIGN AND

ALIEN COMPANIES

 

11 NCAC 10 .0701             GENERAL INFORMATION

Citizens who are unable to procure insurance on risks in

this state in companies licensed to write insurance in this state may procure

policies of insurance in unlicensed foreign and alien companies if the

procedures set forth hereafter are strictly adhered to.  All the forms

described hereafter relating to such insurance, which is known as non‑admitted

or surplus lines of insurance, are to be sent to the Commissioner of Insurance,

Attention:  Surplus Lines Coordinator, Property and Casualty Division, P.O. Box

26387, Raleigh, North Carolina 27611.

 

History Note:        Authority G.S. 58‑21‑15; 58‑21‑35;

Eff. February 1, 1976;

Readopted Eff. July 11, 1978;

Amended Eff. February 1, 1991; January 1, 1989.