11 N.C. Admin. Code 11C.0503

Current through Register Vol. 39, No. 9, November 1, 2024

Section 11C .0503 - ACCREDITED REINSURER - REVOCATION OF ACCREDITATION

The Commissioner may revoke the accreditation of a reinsurer if its policyholders' surplus falls below twenty million dollars ($20,000,000) or its continued status as an accredited reinsurer is deemed to present a condition that is hazardous to the insurance public of North Carolina.

11 N.C. Admin. Code 11C .0503

Authority G.S. 58-2-40; 58-7-21(b)(2);
Eff. April 1, 1993;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 20, 2015.

Authority G.S. 58-2-40; 58-7-21(b)(2);
Eff. April 1, 1993.