11 NCAC 10 .1002             PROCEDURE FOR APPLICATION OF NEW LICENSE

Joint underwriting organizations and joint reinsurance organizations not previously licensed shall submit the fee set forth in G.S. 58-6-7 and an application, including, but not limited to:

(1)           the name and address of the organization;

(2)           a copy of:

(a)           its constitution, charter, or articles of incorporation, association, or agreement;

(b)           its bylaws, plan of operation, or other rules governing its business duly certified by the custodian of the original thereof;

(c)           any other rules or regulations governing the conduct of its business.

(3)           a list of the insurers who are members or subscribers;

(4)           list of the states where the organization is licensed;

(5)           a list of the lines of insurance involved;

(6)           the names and addresses of all officers and managers;

(7)           the name and address of one or more residents of this state appointed to receive notices, process, or orders;

(8)           a statement demonstrating its technical qualifications;

(9)           a check in payment of the organization license fee;

(10)         such other information as the commissioner may require.

History Note:        Authority G.S. 58-2-40; 58-40-60;

Eff. July 11, 1978;

Amended Eff. April 8, 2002; January 1, 1989;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. January 3, 2017.