§ 58-15-40. Certification of foreign and alien reciprocals.
163 words·~1 min read·
/nc/chapter-58/58-15-40A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 58-15-40. Certification of foreign and alien reciprocals.
No foreign reciprocal shall be licensed in this State until it files with the Commissioner a certificate of the insurance regulator of the state in which it is organized. The certificate shall show that the foreign reciprocal is licensed to write and is writing actively in that state the kind of insurance it proposes to write in this State. No alien reciprocal shall be licensed in this State until it files with the Commissioner a certificate of the insurance regulator of
(i)the state through which it entered the United States or
(ii)the alien reciprocal's domiciliary country. The certificate shall show that the alien reciprocal is licensed to write and is writing actively in that state or country the kind of insurance it proposes to write in this State. Foreign and alien reciprocals must also satisfy the appropriate provisions of Article 16 of this Chapter pertaining to admission requirements. (1989, c. 425, s. 1.)