{"data":{"id":"us-nc/n.c.-gen.-stat.-58-8-50","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 58-8-50","heading":"Guaranty against assessments prohibited.","body":"If any director, officer, or agent of a mutual insurance company, either officially or privately, gives a guarantee to a policyholder of the company against an assessment to which that policyholder would otherwise be liable, the director, officer, or agent shall be punished by a fine not exceeding one thousand dollars ($1,000) for each offense. (1899, c. 54, s. 100; Rev., s. 3496; C.S., s. 6352; 1945, c. 386; 2003-212, s. 16.)","path":["Chapter 58. Insurance.","Article 8. Mutual Insurance Companies."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_58/GS_58-8-50.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:06:53Z","sha256":"81922d472626bd96284bd0b65e03f8b270d68967851c928df57cd5fe75d40bda","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-58-8-45","next":"us-nc/n.c.-gen.-stat.-58-8-55"},"notice":"GroundRules: Original legal text. Not legal advice."}