§58-10-120. Definitions

Latest version.

As used in this Part:

(1)        "Mortgage guaranty insurers report of policyholders position" means the supplementary report required by the Commissioner.

(2)        "Policyholders position" means the contingency reserve established under G.S. 58-10-135 and policyholders' surplus. "Minimum policyholders position" is calculated as described in G.S. 58-10-125.

(3)        "Policyholders surplus" means an insurer's net worth; the difference between its assets and liabilities, as reported in its annual statement.

(2001-223, s. 11; 2005-215, s. 11.)

                    
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