{"data":{"id":"us-nc/n.c.-gen.-stat.-58-30-55","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 58-30-55","heading":"Condition on release from delinquency proceedings.","body":"No insurer that is subject to any delinquency proceedings, whether formal or informal, administrative or judicial, shall:\n(1)\tBe released from such proceeding, unless such proceeding is converted into a judicial rehabilitation or liquidation proceeding;\n(2)\tBe permitted to solicit or accept new business or request or accept the restoration of any suspended or revoked license;\n(3)\tBe returned to the control of its shareholders or private management; or\n(4)\tHave any of its assets returned to the control of its shareholders or private management;\nuntil all payments of or on account of the insurer's contractual obligations by all guaranty associations, along with all expenses thereof and interest on all such payments and expenses, have been repaid to the guaranty associations or a plan of repayment by the insurer shall have been approved by the guaranty associations. (1989, c. 452, s. 1; 1999-132, s. 9.1; 2000-140, s. 14.)","path":["Chapter 58. Insurance.","Article 30. Insurers Supervision, Rehabilitation, and Liquidation."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_58/GS_58-30-55.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:06:53Z","sha256":"978953ecb81bd1e12bcdc908494e51c59198b496030b3d2a5182d906c45f75c5","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-58-30-50","next":"us-nc/n.c.-gen.-stat.-58-30-60"},"notice":"GroundRules: Original legal text. Not legal advice."}