North Carolina Administrative Code

11 NCAC 10 .1603 RATE AND LOSS COSTS (a) A rating organization may develop and file a reference filing with the Department, which filing shall contain the advisory prospective loss costs, the underlying loss data, and other supporting statistical and actuarial information for any…

11 NCAC 10 .1604 SUPPLEMENTARY RATING INFORMATION (a) A rating organization may submit a proper rate filing to the Department containing a revision of rules, relativities, or other supplementary rating information, on behalf of those insurers that have authorized the rating organ…

SECTION .1700 - LICENSING OF STATISTICAL ORGANIZATIONS 11 ncac 10 .1701 GENERAL REQUIREMENTS Licenses issued under G.S. 58-36-4 and G.S. 58-40-50 shall be either monoline or multiline licenses. Applications for licenses shall be submitted to the North Carolina Department of Insur…

11 ncac 10 .1702 PROCEDURE FOR APPLICATION OF NEW LICENSE In addition to the information required under G.S. 58-36-4 and G.S. 58-40-50, the following information shall accompany all license applications: (1) The name and address of the statistical organization; (2) A list of the …

CHAPTER 11 - FINANCIAL EVALUATION DIVISION SUBCHAPTER 11A - GENERAL PROVISIONS SECTION .0100 - DEFINITIONS 11 NCAC 11A .0101 STATUTORY FINANCIAL STATEMENT History Note: Authority G.S. 57-9; 58-9(3); 58-21; Eff. February 1, 1976; Readopted Eff. February 28, 1978; Repealed Eff. Apr…

11 NCAC 11A .0102 UNSOUND CONDITION History Note: Authority G.S. 58-2-40; 58-3-100; 58-30-60(b); Eff. February 1, 1976; Readopted Eff. February 28, 1978; Amended Eff. July 1, 2004; April 1, 1993; Repealed Eff. June 1, 2007.

11 NCAC 11A .0105 MULTIPLE-LINE INSURER "Multiple-line Insurer" shall mean any insurance company having authority to write the kinds of insurance authorized by G.S. 58-7-75 for both a fire and marine company and a casualty, fidelity and surety company and as more specifically def…

11 NCAC 11A .0106 DEEMER CLAUSE OR DEEMER PROVISION "A Deemer Clause" or "Deemer Provision" shall mean any clause or provision that establishes a period of time certain, e.g., 30 days, 90 days etc., within which the Commissioner must disapprove a particular matter before him and …

11 NCAC 11A .0408 AFFIDAVIT: EDUCATION: OCCUPATION: BUSINESS EXPERIENCE History Note: Authority G.S. 58-73; 58-74; 58-150; Eff. February 1, 1976; Repealed Eff. February 28, 1978.

SECTION .0600 - REINSURANCE INTERMEDIARIES 11 NCAC 11A .0601 DEFINITIONS History Note: Authority G.S. 58-2-40; 58-2-225; Eff. December 1, 1992; Repealed Eff. May 1, 1994.

11 NCAC 11A .0602 LICENSURE History Note: Authority G.S. 58-2-40; 58-2-225; RRC Objection Eff. November 19, 1992 due to ambiguity; Eff. December 29, 1992; Repealed Eff. May 1, 1994.

11 NCAC 11B .0104 REPLACEMENT UPON REDUCTION OF MARKET VALUE SECURITIES History Note: Authority G.S. 58-2-40; 58-5-25; Eff. February 1, 1976; Readopted Eff. February 28, 1978; Amended Eff. April 1, 1993; July 1, 1986; Repealed Eff. March 1, 2004.

11 NCAC 11B .0105 PURPOSE OF DEPOSIT OF GENERAL OR SPECIAL History Note: Authority G.S. 58-182.4; Eff. February 1, 1976; Readopted Eff. February 28, 1978; Repealed Eff. April 1, 1993.

11 NCAC 11B .0106 DEPOSITS REQUIRED: REVOCATION/LICENSE: FOREIGN COMPANIES History Note: Authority G.S. 58-2-40(1); 58-3-100; 58-5-40; 58-5-45; Eff. February 1, 1976; Readopted Eff. February 28, 1978; Repealed Eff. March 1, 2004.

11 NCAC 11B .0107 DEPOSITS OF DOMESTIC COMPANIES History Note: Authority G.S. 58-182 through 58-182.8; Eff. February 1, 1976; Readopted Eff. February 28, 1978; Amended Eff. July 1, 1986; Repealed Eff. April 1, 1993.

11 NCAC 11B .0112 RETURN OF SECURITIES ON DEPOSIT History Note: Authority G.S. 58-9(1); 58-187; Eff. February 1, 1976; Readopted Eff. February 28, 1978; Repealed Eff. April 1, 1994.

11 NCAC 11B .0115 REGISTRATION OF BONDS DEPOSITED IN NAME OF TREASURER History Note: Authority G.S. 58-182.6; 58-188.1; 58-188.5; Eff. February 1, 1976; Readopted Eff. February 28, 1978; Repealed Eff. July 1, 1986.

11 NCAC 11B .0119 CONTINUATION OF DEPOSITS OF SECURITIES OF MERGING COMPANIES History Note: Authority G.S. 58-2-40; 58-5-40; 58-5-55; Eff. February 1, 1976; Readopted Eff. February 28, 1978; Amended Eff. April 1, 1993; Repealed Eff. March 1, 2004.

11 NCAC 11B .0120 EXPENSES OF REGISTERED MAIL History Note: Authority G.S. 58-9(1); Eff. February 1, 1976; Readopted Eff. February 28, 1978; Repealed Eff. July 1, 1986.

11 NCAC 11B .0121 SURETY BONDS: DEPOSIT OF SECURITIES: SPECIAL REQUIREMENT History Note: Authority G.S. 58-188.8; Eff. February 28, 1978; Repealed Eff. April 1, 1993.

11 NCAC 11B .0132 DEPOSIT REQUIRED AMOUNT FOREIGN LIFE INSURERS History Note: Authority G.S. 58-7.5; 58-9; Eff. July 1, 1986; Repealed Eff. April 1, 1993.

11 NCAC 11B .0138 TYPES OF SECURITIES ELIGIBLE FOR DEPOSIT History Note: Authority G.S. 58-7.5; 58-9; Eff. July 1, 1986; Repealed Eff. April 1, 1994.

11 NCAC 11B .0139 DEPOSIT USE OF MASTER TRUST ALL NEW COMPANIES History Note: Authority G.S. 58-7.5; 58-9; Eff. July 1, 1986; Repealed Eff. March 1, 2004.

11 NCAC 11B .0140 USE OF MASTER TRUST ALL EXISTING COMPANIES TRANSFERRED History Note: Authority G.S. 58-7.5; 58-9; Eff. July 1, 1986; Repealed Eff. February 1, 1996.

11 NCAC 11B .0141 USE OF MASTER TRUST INCREASE DEPOSIT EXISTING COMPANIES History Note: Authority G.S. 58-7.5; 58-9; Eff. July 1, 1986; Repealed Eff. April 1, 1996.

11 NCAC 11B .0142 CONVERSION FROM STATE TREASURER TO MASTER TRUST BANK History Note: Authority G.S. 58-7.5; 58-9; Eff. July 1, 1986; Repealed Eff. February 1, 1996.

11 NCAC 11B .0143 MASTER TRUST PURPOSE OF DEPOSIT History Note: Authority G.S. 58-7.5; 58-9; 58-82.4; Eff. July 1, 1986; Repealed Eff. April 1, 1993.

11 NCAC 11B .0148 MASTER TRUST CONVERSION TO CASH History Note: Authority G.S. 58-7.5; 58-9; Eff. July 1, 1986; Repealed Eff. February 1, 1996.

11 NCAC 11B .0152 CUSTODY AGREEMENT FOR SECURITIES AND OTHER ASSETS DEPOSITED WITH THE COMMISSIONER The agreement between the Commissioner and the master trustee shall provide for the deposit of securities and other assets required by the Commissioner, pursuant to G.S. 58 and G.S…

SECTION .0200 - INSURANCE HOLDING COMPANY SYSTEMS 11 NCAC 11B .0201 HOLDING COMPANIES: GENERAL NATURE History Note: Authority G.S. 58-9; Eff. February 1, 1976; Readopted Eff. February 28, 1978; Repealed Eff. July 1, 1988.

SECTION .0300 - VARIABLE ANNUITIES 11 NCAC 11B .0301 VARIABLE ANNUITIES: GENERAL NATURE History Note: Authority G.S. 58-4; 58-9; 58-79(2); Eff. February 1, 1976; Readopted Eff. February 28, 1978; Repealed Eff. July 1, 1988.

11 NCAC 11B .0302 QUALIFICATION TO ISSUE VARIABLE ANNUITIES History Note: Authority G.S. 58-79.2; Eff. February 1, 1976; Readopted Eff. February 28, 1978; Repealed Eff. February 1, 1996.

11 NCAC 11B .0303 INFORMATION REQUIRED PRIOR TO APPROVAL Any licensed life insurance company desiring permission to amend its license to include the authority to write variable contracts shall file the following with the Commissioner: (1) copies of all laws and regulations under …

SECTION .0400 - WORKMEN'S COMPENSATION FUND 11 NCAC 11B .0401 WORKMEN'S COMPENSATION: GENERAL NATURE History Note: Authority G.S. 58-9; Eff. February 1, 1976; Readopted Eff. February 28, 1978; Repealed Eff. July 1, 1988.

SECTION .0500 - PROMOTING AND HOLDING COMPANIES 11 NCAC 11B .0501 PROMOTING AND HOLDING COMPANIES: GENERAL NATURE History Note: Authority G.S. 58-120 to 58-124; Eff. February 28, 1978; Repealed Eff. April 1, 1993.

11 NCAC 11B .0607 APPLICATION - EMPLOYERS History Note: Authority G.S. 58-2-40; 97-93; ARRC Objection Lodged August 16, 1990; Eff. January 1, 1991; Amended Eff. February 1, 1996; May 1, 1993; Repealed Eff. August 1, 1998.

11 NCAC 11B .0610 APPLICATION - GROUPS History Note: Authority G.S. 58-2-40; 58-2-145; 97-93; ARRC Objection Lodged August 16, 1990; Eff. January 1, 1991; Amended Eff. February 1, 1996; May 1, 1993; Repealed Eff. August 1, 1998.

11 NCAC 11B .0615 PAYMENT OF DIVIDENDS BY GROUP FUNDS OR ASSOCIATIONS History Note: Authority G.S. 58-2-40; 97-93(b); Eff. April 1, 1993; Repealed Eff. August 1, 1998.

11 NCAC 11B .0616 INSOLVENCY OR HAZARDOUS FINANCIAL CONDITION History Note: Authority G.S. 58-2-40; 58-2-145; 58-30-60; 97-93; 97-136; Eff. February 1, 1996; Repealed Eff. August 1, 1998.

11 NCAC 11B .0617 GROUP ASSESSMENTS, DISCLOSURE, DEVIATIONS, AND DIVIDENDS History Note: Authority G.S. 58-2-40; 58-2-145; 58-8-35; 58-30-60; 58--36-30; 97-93; 97-136; Eff. April 1, 1996; Repealed Eff. August 1, 1998.

SUBCHAPTER 11C - ANALYSIS AND EXAMINATIONS SECTION .0100 - GENERAL PROVISIONS 11 NCAC 11C .0101 GENERAL PROVISIONS History Note: Authority G.S. 58-9; Eff. February 1, 1976; Readopted Eff. February 28, 1978; Repealed Eff. July 1, 1988.

11 NCAC 11C .0104 RECORD OF BUSINESS TO BE KEPT BY COMPANY Every insurance company licensed to transact business in the State of North Carolina must make and keep a full and correct record of the business done by it including, the policy number, date of issue, term, amount insure…

11 NCAC 11C .0105 RETENTION OF RECORDS OF DOMESTIC INSURANCE COMPANIES (a) All records of domestic insurance companies shall be maintained by the company for the years for which a statutory examination has not yet been completed. All books of original entry and corporate records …

11 NCAC 11C .0106 UNEARNED PREMIUM RESERVE: IN FORCE PREMIUMS History Note: Authority G.S. 58-35; Eff. February 1, 1976; Readopted Eff. February 28, 1978; Repealed Eff. March 1, 1993.

11 NCAC 11C .0107 REINSURANCE: WHEN PERMITTED History Note: Authority G.S. 58-59.3; Eff. February 1, 1976; Readopted Eff. February 28, 1978; Repealed Eff. April 1, 1993.

11 NCAC 11C .0110 INVESTMENT IN GOLD OR GOLD FUTURES BY INSURANCE COMPANIES History Note: Authority G.S. 58-9(I); 58-79; 58-79.1; Eff. February 1, 1976; Repealed Eff. March 1, 2004.

11 NCAC 11C .0111 INVESTMENT IN THE INTERNATIONAL BANK FOR RECONST AND DEV History Note: Authority G.S. 58-9(1); 58-79; 58-79.1; Eff. February 1, 1976; Readopted Eff. February 28, 1978; Repealed Eff. April 1, 1993.

11 NCAC 11C .0112 MODEL CUSTODIAL AGREEMENT History Note: Authority G.S. 58-79; 58-79.1; Eff. February 1, 1976; Readopted Eff. February 28, 1978; Repealed Eff. April 1, 1996.

11 NCAC 11C .0113 MODEL CUSTODIAL AND FISCAL AGENCY AGREEMENT History Note: Authority G.S. 58-79; 58-79.1; Eff. February 1, 1976; Readopted Eff. February 28, 1978; Repealed Eff. February 1, 1996.

11 NCAC 11C .0114 CERTIFICATES OF CONTRIBUTION Every domestic insurance company may, upon petition to the Commissioner and upon receipt of his approval thereof, issue certificates of contribution of surplus for the reasons and purposes set forth in the petition to the Commissione…