N.C. Gen. Stat. § 58-11-15
Current through Session Law 2024-56
If any corporation or association transacting insurance business in this State on the assessment plan or issuing any policy upon the life of a resident of North Carolina upon the assessment plan shall fail or refuse to comply with G.S. 58-11-10, the Commissioner shall forthwith suspend or revoke all authority of such corporation or association and of its agents to do business in this State.
N.C. Gen. Stat. § 58-11-15