N.C. Gen. Stat. § 58-10-145

Current through Session Law 2024-58

Section 58-10-145 - Monoline requirement for mortgage guaranty insurers

A mortgage guaranty insurance company that transacts any kind of insurance other than mortgage guaranty insurance is not eligible to transact business in this State. Provided, however, that a mortgage guaranty insurance company may, until December 31, 2012, assume reinsurance for "credit insurance," as defined in G.S. 58-7-15(17).

N.C. Gen. Stat. § 58-10-145

Amended by 2008 N.C. Sess. Laws 124,s. 2.2, eff. 7/28/2008.

Added by 2007 N.C. Sess. Laws 127,s. 7, eff. 7/1/2007.