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North Carolina · Through S.L. 2026-30

N.C. Gen. Stat. § 58-61-5: Definitions.

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Where this section sits in the code
  1. Chapter 58. Insurance.
  2. Article 61. Regulation of Interest Rates on Life Insurance Policy Loans.

For purposes of this Article the "Published Monthly Average" means:

(1) The Monthly Average of the Composite Yield on Seasoned Corporate Bonds as published by Moody's Investors Service, Inc., or any successor thereto; or

(2) In the event that the Monthly Average of the Composite Yield on Seasoned Corporate Bonds is no longer published, a substantially similar average, established by regulation issued by the Commissioner. (1981, c. 841, s. 1.)

Collected 2026-08-27T18:06:53Z. Source file · JSON

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