{"data":{"id":"us-nc/n.c.-gen.-stat.-58-42-20","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 58-42-20","heading":"Classification and rates.","body":"Each plan shall provide for:\n(1)\tThe method of classifying risks;\n(2)\tThe making and filing of rates that are not excessive, inadequate, or unfairly discriminatory and that are calculated on an actuarially sound basis and policy forms applicable to the various risks insured by the plan;\n(3)\tThe adjusting and processing of claims;\n(4)\tThe commission rates to be paid to insurance producers for coverages written by the plan; and\n(5)\tAny other insurance or investment functions that are necessary for the purpose of providing adequate and readily accessible coverage. (1986, Ex. Sess., c. 7, s. 1; 1999-114, s. 1; 2022-46, s. 14(eee).)","path":["Chapter 58. Insurance.","Article 42. Mandatory or Voluntary Risk Sharing Plans."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_58/GS_58-42-20.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:06:53Z","sha256":"236d0c0c90009306d5002dbaeaf1997be97cdafd6c39b80c5cd4b6acf15d0eaf","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-58-42-15","next":"us-nc/n.c.-gen.-stat.-58-42-25"},"notice":"GroundRules: Original legal text. Not legal advice."}