{"data":{"id":"us-nc/n.c.-gen.-stat.-58-48-110","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 58-48-110","heading":"Purpose of the accounts.","body":"The purpose of the accounts created in the Association pursuant to G.S. 58-48-115 and G.S. 58-48-120 of this Article shall be solely to:\n(1)\tReceive the balance from the accounts created under former G.S. 97-107 and G.S. 97-114;\n(2)\tReceive assessment moneys from member companies as provided in G.S. 58-48-115(a)(3), 58-48-120(b), and 58-48-120(c);\n(3)\tReceive interest on moneys in the accounts;\n(4)\tPay stock or mutual carrier claims made against the security funds established under G.S. 97-107 and G.S. 97-114, but only for claims existing before January 1, 1993; and\n(5)\tRefund to the contributing stock companies in accordance with G.S. 58-48-115 the excess moneys in the stock fund account as set forth in G.S. 58-48-115(a)(2). (1991 (Reg. Sess., 1992), c. 802, s. 7.)","path":["Chapter 58. Insurance.","Article 48. Postassessment Insurance Guaranty Association."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_58/GS_58-48-110.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:06:53Z","sha256":"cbabc249ced0d93c6580854f09fc7774045d0175ac202b10aade2bb728d9299d","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-58-48-105","next":"us-nc/n.c.-gen.-stat.-58-48-115"},"notice":"GroundRules: Original legal text. Not legal advice."}