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Laws of North Carolina (Last Updated: May 12, 2015) |
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Chapter58. Insurance. |
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Article26. Real Estate Title Insurance Companies |
§58-26-15. Limitation of risk
Latest version.
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No real estate title insurance company shall guarantee or insure in any one risk on real property located in North Carolina more than forty percent (40%) of its combined capital and surplus without first having the approval of the Commissioner, which approval shall be endorsed upon the policy.
(1945, c. 386; 1967, c. 936; 1993, c. 504, s. 18.)