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North Carolina · Through S.L. 2026-30

N.C. Gen. Stat. § 58-8-50: Guaranty against assessments prohibited.

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Where this section sits in the code
  1. Chapter 58. Insurance.
  2. Article 8. Mutual Insurance Companies.

If any director, officer, or agent of a mutual insurance company, either officially or privately, gives a guarantee to a policyholder of the company against an assessment to which that policyholder would otherwise be liable, the director, officer, or agent shall be punished by a fine not exceeding one thousand dollars ($1,000) for each offense. (1899, c. 54, s. 100; Rev., s. 3496; C.S., s. 6352; 1945, c. 386; 2003-212, s. 16.)

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

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