{"data":{"id":"us-nc/n.c.-gen.-stat.-58-5-50","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 58-5-50","heading":"Deposits of foreign life insurance companies.","body":"In addition to other requirements of this Chapter, all foreign life insurance companies shall deposit securities, as specified in G.S. 58-5-20, that have a market value of four hundred thousand dollars ($400,000) as a prerequisite of doing business in this State. All foreign life insurance companies shall deposit an additional two hundred thousand dollars ($200,000) where such companies cannot show three years of net income before being licensed in this State. (1989, c. 485, s. 35; 2003-212, s. 3; 2005-215, s. 3; 2008-124, s. 2.1.)","path":["Chapter 58. Insurance.","Article 5. Deposits and Bonds by Insurance Companies."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_58/GS_58-5-50.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:06:53Z","sha256":"042ed16baa06ef99e1d6ac6d1b2be8eb58674423780c94c952f23a765320275c","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-58-5-45","next":"us-nc/n.c.-gen.-stat.-58-5-55"},"notice":"GroundRules: Original legal text. Not legal advice."}