Section 58-15-15 - Risk limitations(a) Except for Article 11 of this Chapter and as otherwise specifically provided, all the provisions of Articles 1 through 64 of this Chapter relating to insurers generally, and those relating to insurers writing the same kinds of insurance that reciprocals are permitted to write, are applicable to reciprocals.(b) A reciprocal shall be deemed to comply with G.S. 58-3-105 if: (1) It issues policies containing a contingent assessment liability, provided for in G.S. 58-15-60; and(2) It maintains reinsurance in an amount that the Commissioner considers adequate to reasonably limit the reciprocal's aggregate losses to the lesser of: a. Ten percent (10%) of the surplus to policyholders of the reciprocal multiplied by the number of subscribers;b. The surplus to policyholders of the reciprocal multiplied by three; orc. Five million dollars ($5,000,000).N.C. Gen. Stat. § 58-15-15