{"data":{"id":"us-nc/n.c.-gen.-stat.-58-21-5","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 58-21-5","heading":"Purposes; necessity for regulation.","body":"This Article shall be liberally construed and applied to promote its underlying purposes, which include all of the following:\n(1)\tProtecting persons in this State seeking insurance.\n(2)\tPermitting surplus lines insurance to be placed with reputable and financially sound nonadmitted domestic surplus lines insurers, nonadmitted insurers and exported from this State pursuant to this Article.\n(3)\tEstablishing a system of regulation that will permit orderly access to surplus lines insurance in this State and encourage admitted insurers to provide new and innovative types of insurance available to consumers in this State.\n(4)\tProtecting revenues of this State. (1985, c. 688, s. 1; 2018-120, s. 2.1(b).)","path":["Chapter 58. Insurance.","Article 21. Surplus Lines Act."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_58/GS_58-21-5.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:06:53Z","sha256":"537ac8abd6044758b7f28d9dc5d28605f06de46fa54bfb2dd1d3fd8205ec13ea","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-58-21-4","next":"us-nc/n.c.-gen.-stat.-58-21-10"},"notice":"GroundRules: Original legal text. Not legal advice."}