{"data":{"id":"us-nc/n.c.-gen.-stat.-58-48-5","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 58-48-5","heading":"Purpose of Article.","body":"The purpose of this Article is to provide a mechanism for the payment of covered claims under certain insurance policies, to avoid excessive delay in payment, and to avoid financial loss to claimants or policyholders because of the insolvency of an insurer, to assist in the detection and prevention of insurer insolvencies, and to provide an association to assess the cost of such protection among insurers. (1971, c. 670, s. 1.)","path":["Chapter 58. Insurance.","Article 48. Postassessment Insurance Guaranty Association."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_58/GS_58-48-5.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:06:53Z","sha256":"e02d2bce3c107a1ddb85f05bd15dd20db8c1cf524bf680ea607895f46cdaf55e","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-58-48-1","next":"us-nc/n.c.-gen.-stat.-58-48-10"},"notice":"GroundRules: Original legal text. Not legal advice."}