{"data":{"id":"us-nc/n.c.-gen.-stat.-58-93-65","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 58-93-65","heading":"Hazardous financial condition.","body":"(a)\tWhenever the financial condition of any PHP indicates a condition such that the continued operation of the PHP might be hazardous to its enrollees, creditors, the general public, or the State, the Commissioner may order the PHP to take action as may be reasonably necessary to rectify the existing condition, including one or more of the following steps:\n(1)\tReduce the total amount of present and potential liability for health care services by reinsurance.\n(2)\tReduce the volume of new business being accepted.\n(3)\tReduce the expenses by specified methods.\n(4)\tSuspend or limit the writing of new business for a specified period of time.\n(5)\tRequire an increase to the PHP's capital and surplus by contribution.\n(b)\tThe Commissioner may consider any or all of the standards in G.S. 58-30-60(b) when determining whether the continued operation of a PHP is hazardous to its enrollees, creditors, the general public, or the State.\n(c)\tThe remedies under subsection (a) of this section are in addition to, and not in lieu of, the remedies and measures available to the Commissioner under the provisions of Article 30 of this Chapter.\n(d)\tThe Commissioner shall notify the Secretary of DHHS prior to taking any action against a PHP under this section. (2018-49, s. 1(a).)","path":["Chapter 58. Insurance.","Article 93. Prepaid Health Plan Licensing Act."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_58/GS_58-93-65.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:06:53Z","sha256":"6437e29a3decf35788d0ab0be813ad4fb922c3e942dfb2761ddcc364789a49b9","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-58-93-60","next":"us-nc/n.c.-gen.-stat.-58-93-70"},"notice":"GroundRules: Original legal text. Not legal advice."}