N.C. Gen. Stat. § 58-40-120

Current through Session Law 2024-58
Section 58-40-120 - Payment of dividends not prohibited or regulated; plan for payment into rating system

Nothing in this Article shall be construed to prohibit or regulate the payment of dividends, savings, or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members, or subscribers. A plan for the payment of dividends, savings, or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members, or subscribers shall not be deemed a rating plan or system.

N.C. Gen. Stat. § 58-40-120

1977, c. 828, s. 2.