N.C. Gen. Stat. § 58-5-71

Current through Session Law 2024-58

Section 58-5-71 - Liens of policyholders; subordination

Liens against the deposit of a foreign insurer under G.S. 58-5-70 shall be subordinated to the reasonable and necessary expenses of the Commissioner in liquidating the deposit and paying the special deposit claims. "Special deposit claims" has the same meaning set forth in G.S. 58-30-10(19).

N.C. Gen. Stat. § 58-5-71

Amended by 2008 N.C. Sess. Laws 124,s. 2.4, eff. 7/28/2008.

1993 (Reg. Sess., 1994), c. 678, s. 7.