GroundRules
N.C. Gen. Stat. § 58-10-145: Monoline requirement for mortgage guaranty insurers.
Where this section sits in the code
- Chapter 58. Insurance.
- Article 10. Miscellaneous Insurer Financial Provisions.
- Part 5. Mortgage Guaranty Insurance.
A mortgage guaranty insurance company that transacts any kind of insurance other than mortgage guaranty insurance is not eligible to transact business in this State. Provided, however, that a mortgage guaranty insurance company may, until December 31, 2012, assume reinsurance for "credit insurance," as defined in G.S. 58-7-15(17). (2007-127, s. 7; 2008-124, s. 2.2.)
Collected 2026-08-27T18:06:53Z. Source file · JSON