N.C. Gen. Stat. § 58-2-162

Current through Session Law 2024-56
Section 58-2-162 - Embezzlement by insurance producers or administrators

If any insurance producer or administrator embezzles or fraudulently converts to his own use, or, with intent to use or embezzle, takes, secretes, or otherwise disposes of, or fraudulently withholds, appropriates, lends, invests, or otherwise uses or applies any money, negotiable instrument, or other consideration received by him in his performance as a producer or administrator, he shall be guilty of a felony. If the value of the money, negotiable instrument, or other consideration is one hundred thousand dollars ($100,000) or more, violation of this section is a Class C felony. If the value of the money, negotiable instrument, or other consideration is less than one hundred thousand dollars ($100,000), violation of this section is a Class H felony.

N.C. Gen. Stat. § 58-2-162

Amended by 2022 N.C. Sess. Laws 46,s. 14-c, eff. 7/7/2022.
1889, c. 54, s. 103; Rev., s. 3489; 1911, c. 196, s. 8; C.S., s. 4274; 1989 Reg. Sess., 1990 , c. 1054, s. 2; 1997-443, s. 19.25(n).