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Code · North Carolina · Chapter 58 — Insurance

§ 58-64A-15. Dividends and distributions.

87 words·~1 min read·/nc/chapter-58/58-64a-15

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§ 58-64A-15. Dividends and distributions.
No dividend or other distribution of equity or net assets shall be paid by any provider after the Commissioner has determined that the provider is in a hazardous condition or has been determined to not be in satisfactory actuarial balance in an actuarial study filed with the Commissioner pursuant to G.S. 58-64A-210, or when the payment would have the effect of creating a hazardous condition in the provider or cause the provider to not be in satisfactory actuarial balance. (2025-58, s. 2.)
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