CHAPTER 11 ‑ FINANCIAL EVALUATION DIVISION

 

SUBCHAPTER 11A ‑ GENERAL PROVISIONS

 

 

SECTION .0100 ‑ DEFINITIONS

 

 

11 NCAC 11A .0101          STATUTORY FINANCIAL STATEMENT

 

History Note:        Authority G.S. 57‑9; 58‑9(3); 58‑21;

Eff. February 1, 1976;

Readopted Eff. February 28, 1978;

Repealed Eff. April 1, 1993.

 

11 NCAC 11A .0102          UNSOUND CONDITION

 

History Note:        Authority G.S. 58-2-40; 58-3-100; 58-30-60(b);

Eff. February 1, 1976;

Readopted Eff. February 28, 1978;

Amended Eff. July 1, 2004; April 1, 1993;

Repealed Eff. June 1, 2007.

 

11 NCAC 11A .0103          IMPAIRED INSURER

11 NCAC 11A .0104          INSOLVENT INSURER

 

History Note:        Authority G.S. 58‑38; 58‑39(2); 58‑77(10); 58‑155.2(1);

Eff. February 1, 1976;

Readopted Eff. February 28, 1978;

Repealed Eff. April 1, 1993.

 

11 NCAC 11A .0105          MULTIPLE‑LINE INSURER

"Multiple‑line Insurer" shall mean any insurance company having authority to write the kinds of insurance authorized by G.S. 58‑7‑75 for both a fire and marine company and a casualty, fidelity and surety company and as more specifically defined under G.S. 58‑7‑15(3) through (22).

 

History Note:        Authority G.S. 58‑2‑40; 58‑7‑15; 58‑7‑75;

Eff. February 1, 1976;

Readopted Eff. February 28, 1978;

Amended Eff. April 1, 1993;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 20, 2015.

 

11 NCAC 11A .0106          DEEMER CLAUSE OR DEEMER PROVISION

"A Deemer Clause" or "Deemer Provision" shall mean any clause or provision that establishes a period of time certain, e.g., 30 days, 90 days etc., within which the Commissioner must disapprove a particular matter before him and which if no action is taken by the Commissioner within the period of time certain, said matter before the Commissioner is deemed approved.

 

History Note:        Authority G.S. 58-2-40(1); 58-51-100;

Eff. February 1, 1976;

Readopted Eff. February 28, 1978;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 20, 2015.

 

11 NCAC 11A .0107          MORTGAGE GUARANTY INSURANCE

11 NCAC 11A .0108          MISCELLANEOUS INSURER

 

History Note:        Authority G.S. 58‑9; 58‑9(1); 58‑72(17);

Eff. February 1, 1976;

Readopted Eff. February 28, 1978;

Repealed Eff. April 1, 1993.

 

SECTION .0200 ‑ PURPOSE: PERSONNEL AND RECORDS OF THE DIVISION

 

11 NCAC 11A .0201          PURPOSE OF DIVISION

11 NCAC 11A .0202          PERSONNEL OF DIVISION

 

History Note:        Authority G.S. 58‑4; 58‑7.3; 58‑9;

Eff. February 1, 1976;

Readopted Eff. February 28, 1978;

Repealed Eff. July 1, 1988.

 

SECTION .0300 ‑ OPERATIONAL UNITS

 

11 NCAC 11A .0301          OPERATIONAL UNITS: DEFINED

11 NCAC 11A .0302          SECURITIES: OPERATIONAL UNIT

11 NCAC 11A .0303          EXAMINATION: OPERATIONAL UNIT

11 NCAC 11A .0304          LIQUIDATION AND MERGER: OPERATIONAL UNIT

11 NCAC 11A .0305          TAX: AUDIT AND STATISTICAL: OPERATIONAL UNIT

11 NCAC 11A .0306          ACTUARIAL: OPERATIONAL UNIT

 

History Note:        Authority G.S. 58‑4; 58‑9;

Eff. February 1, 1976;

Readopted Eff. February 28, 1978;

Repealed Eff. July 1, 1988.

 

SECTION .0400 ‑ DESCRIPTION OF FORMS

 

11 NCAC 11A .0401          APPLICATION FOR ADMISSION TO DO BUSINESS IN NC

11 NCAC 11A .0402          POWER OF ATTORNEY FOR SERVICE OF LEGAL PROCESS

11 NCAC 11A .0403          POWER OF ATTORNEY FOR SALE OF SECURITIES

11 NCAC 11A .0404          APPLICATION FOR LICENSE: GENERAL

11 NCAC 11A .0405          APPLICATION FOR LICENSE: HOSPITALS: MEDICAL SERVICE

11 NCAC 11A .0406          APPLICATION FOR LICENSE: DENTAL SERVICE CORPORATION

11 NCAC 11A .0407          APPLICATIONS FOR LICENSE: FRATERNAL ORDER

 

History Note:        Authority G.S. 58‑15; 58‑63; 58‑63(1); 58‑66; 58‑72; 58‑150; 58‑150(3); 58‑153;

58‑182.5; 105‑228.4(a);

Eff. February 1, 1976;

Readopted Eff. February 28, 1978;

Repealed Eff. April 1, 1993.

 

11 NCAC 11A .0408          AFFIDAVIT: EDUCATION: OCCUPATION: BUSINESS EXPERIENCE

 

History Note:        Authority G.S. 58‑73; 58‑74; 58‑150;

Eff. February 1, 1976;

Repealed Eff. February 28, 1978.

 

11 NCAC 11A .0409          INSURANCE COMPANY LICENSE

11 NCAC 11A .0410          DEPOSIT BOND FORM

11 NCAC 11A .0411          FIRE AND CASUALTY ANNUAL STATEMENT BLANK

11 NCAC 11A .0412          COMPLETING FIRE AND CASUALTY ANNUAL STATEMENT BLANK

11 NCAC 11A .0413          CONSOLIDATED ANNUAL STATEMENT: FIRE AND CASUALTY INSURERS

11 NCAC 11A .0414          FIRE AND CASUALTY QUARTERLY STATEMENT BLANK

11 NCAC 11A .0415          LIFE AND ACCIDENT AND HEALTH ANNUAL STATEMENT BLANK

11 NCAC 11A .0416          ANNUAL STATEMENT BLANK: INSTRUCTIONS

11 NCAC 11A .0417          LIFE AND ACCIDENT AND HEALTH QUARTERLY STATEMENT BLANK

11 NCAC 11A .0418          ANNUAL STATEMENT BLANK: SEPARATE ACCOUNT BUSINESS

11 NCAC 11A .0419          TITLE ANNUAL STATEMENT BLANK

11 NCAC 11A .0420          INSTRUCTIONS FOR COMPLETING TITLE ANNUAL STATEMENT BLANK

11 NCAC 11A .0421          TITLE QUARTERLY STATEMENT BLANK

11 NCAC 11A .0422          HOSPITAL: MEDICAL AND DENTAL SERVICE OR INDEMNITY CORP

11 NCAC 11A .0423          INSTRUCTIONS/ANNUAL STATEMENT BLANK: HOSPITAL: MEDICAL: DENTAL

11 NCAC 11A .0424          FRATERNAL ANNUAL STATEMENT BLANK

11 NCAC 11A .0425          INSTRUCTIONS FOR COMPLETING FRATERNAL STATEMENT BLANK

11 NCAC 11A .0426          FRATERNAL QUARTERLY STATEMENT BLANK

11 NCAC 11A .0427          ACCIDENT AND HEALTH POLICY EXPERIENCE EXHIBIT

11 NCAC 11A .0428          CREDIT LIFE AND ACCIDENT AND HEALTH EXHIBIT

11 NCAC 11A .0429          CREDIT LIFE INSURANCE STATISTICAL REPORT

11 NCAC 11A .0430          INSURANCE EXPENSE EXHIBIT

11 NCAC 11A .0431          STOCKHOLDER INFORMATION SUPPLEMENT

11 NCAC 11A .0432          TOWN OR COUNTY FARM MUTUAL ANNUAL STATEMENT BLANK

 

History Note:        Authority G.S. 57‑9; 58‑9(3); 58‑15; 58‑21; 58‑25.1; 58‑72; 58‑79.2; 58‑130;

58‑131.14; 58‑134; 58‑137; 58‑144; 58‑188.8; 58‑292; 105‑228.4;

Eff. February 1, 1976;

Readopted Eff. February 28, 1978;

Repealed Eff. April 1, 1993.

 

11 NCAC 11A .0433          FIRE AND/OR CASUALTY ABSTRACT

11 NCAC 11A .0434          LIFE ABSTRACT

 

History Note:        Authority G.S. 58‑9(4); 58‑63(2);

Eff. February 1, 1976;

Readopted Eff. February 28, 1978;

Repealed Eff. July 1, 1988.

 

11 NCAC 11A .0435          ANNUAL GROSS PREMIUM TAX RETURN: RETALIATORY TAX RETURN

11 NCAC 11A .0436          STATEMENT OF INSTALLMENT GROSS PREMIUM TAX

11 NCAC 11A .0437          ANNUAL ADDITIONAL GROSS PREMIUM TAX RETURN

11 NCAC 11A .0438          STATEMENT/INSTALLMENT ADDITIONAL ANNUAL GROSS PREMIUM TAX

11 NCAC 11A .0439          NC FIREMEN'S RELIEF FUND TAX ANNUAL RETURN

11 NCAC 11A .0440          ANNUAL FRANCHISE OR PRIVILEGE TAX: HOSP AND MEDICAL CORP

11 NCAC 11A .0441          ANNUAL FRANCHISE OR PRIVILEGE TAX: DENTAL SERVICE CORP

11 NCAC 11A .0442          NC DOMESTIC CORPORATION FRANCHISE AND INCOME TAX RETURN

11 NCAC 11A .0443          AUTOMATIC EXTENSION OF TIME TO FILE

11 NCAC 11A .0444          ADDITIONAL EXTENSION OF TIME TO FILE

11 NCAC 11A .0445          REFUND FOR CORPORATION FRANCHISE AND INCOME TAXES

11 NCAC 11A .0446          CERTIFICATION OF WORKMEN'S COMPENSATION LOSS RESERVES

11 NCAC 11A .0447          WORKMEN'S COMPENSATION ASSESSMENT FORM

11 NCAC 11A .0448          FORM HC: INSURER HOLDING COMPANY REGISTRATION STATEMENT

11 NCAC 11A .0449          SALE OF VARIABLE ANNUITY CONTRACTS IN NORTH CAROLINA

 

History Note:        Authority G.S. 57‑14; 58‑9; 58‑79.2; 58‑124.2(b); 97‑107; 97‑114; 105‑228.5;

118‑1 to ‑4;

Eff. February 1, 1976;

Readopted Eff. February 28, 1978;

Repealed Eff. April 1, 1993.

 

11 NCAC 11A .0450          ANNUAL REPORT OF ESCHEAT: ABANDONED PROPERTY

11 NCAC 11A .0451          INSTRUCTIONS FOR COMPLETING THE ANNUAL REPORT

 

History Note:        Authority G.S. 58‑9(3); 116A;

Eff. February 1, 1976;

Readopted Eff. February 28, 1978;

Repealed Eff. July 1, 1988.

 

11 NCAC 11A .0452          THE FORM A: INSIDER TRADING OF EQUITY SECURITIES

11 NCAC 11A .0453          FORM B: INSIDER TRADING OF EQUITY SECURITIES

11 NCAC 11A .0454          INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

11 NCAC 11A .0455          STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

11 NCAC 11A .0456          REVOCATION OR SUSPENSION OF LICENSE: FOREIGN INSURANCE

11 NCAC 11A .0457          OFFICIAL RECEIPT OF SECURITIES

 

History Note:        Authority G.S. 58‑37; 58‑44.4(a); 58‑86.2; 58‑182.6;

Eff. February 1, 1976;

Readopted Eff. February 28, 1978;

Repealed Eff. April 1, 1993.

 

11 NCAC 11A .0458          CHECK SHEET AND ANALYSIS OF APPLICATION FOR ADMISSION

11 NCAC 11A .0459          INFORMATION SHEETS: ADMISSION OF A FOREIGN INSURANCE

 

History Note:        Authority G.S. 58‑63; 58‑75; 58‑77; 58‑150;

Eff. February 1, 1976;

Repealed Eff. February 28, 1978.

 

11 NCAC 11A .0460          TAXES AND FEES APPLICABLE TO INSURANCE COMPANIES

11 NCAC 11A .0461          TOWN OR COUNTY FARM MUTUAL EXAMINATION REPORT BLANK

11 NCAC 11A .0462          CERTIFICATE OF COMPLIANCE: MUTUAL AGREEMENT

11 NCAC 11A .0463          POWER OF ATTORNEY: SALE OF DEPOSITED SECURITIES

11 NCAC 11A .0464          CERTIFICATE OF DEPOSIT

11 NCAC 11A .0465          CERTIFICATE OF COMPLIANCE: ACCIDENT AND HEALTH ADVERTISING

11 NCAC 11A .0466          CERTIFICATE OF RETALIATORY PROVISIONS

11 NCAC 11A .0467          CERTIFICATE OF GOOD STANDING

11 NCAC 11A .0468          CERTIFICATE OF SIMILARITY: REPORT ON EXAMINATION

11 NCAC 11A .0469          CERTIFICATE OF SIMILARITY: ANNUAL STATEMENT

11 NCAC 11A .0470          CERTIFICATE OF RESERVE VALUATION

11 NCAC 11A .0471          CERTIFICATE OF COMPLIANCE: INSURANCE LAWS

11 NCAC 11A .0472          STAT INFORMATION: LIFE INS COMPANIES AND FRAT ORDERS

11 NCAC 11A .0473          STAT INFO/FIRE AND CAS/RECIPROCALS/FACTORY/CO FARM

11 NCAC 11A .0474          STATISTICAL INFORMATION: ACCIDENT AND HEALTH BUSINESS

11 NCAC 11A .0475          AUTHORIZED INVESTMENTS PURSUANT TO G.S. 58‑79(A)

11 NCAC 11A .0476          INVESTMENTS MADE PURSUANT TO G.S. 58‑79(A)(14)

11 NCAC 11A .0477          AUTHORIZED INVESTMENTS PURSUANT TO G.S. 58‑79.1

11 NCAC 11A .0478          CORPORATE RESOLUTION AND CONFLICT OF INTEREST

11 NCAC 11A .0479          CONTRIBUTION FOR DOMESTIC INSURANCE COMPANIES

11 NCAC 11A .0480          PUBLIC HEARING ON PLAN OF EXCHANGE OF CAPITAL STOCK

11 NCAC 11A .0481          PUBLIC HEARING ON PLAN OF MERGER OR CONSOLIDATION

11 NCAC 11A .0482          EXAMINERS' EXPENSE AND DAYS WORKED REPORTS

11 NCAC 11A .0483          STATEMENT OF EXAMINATION CHARGES

11 NCAC 11A .0484          FORM OF MODEL CUSTODIAL AGREEMENT

11 NCAC 11A .0485          FORM OF MODEL CUSTODIAL AND FISCAL AGENCY AGREEMENT

11 NCAC 11A .0486          RECONCILIATION: STATUTORY CAPITAL AND STOCKHOLDERS EQUITY

11 NCAC 11A .0487          RECONCILIATION: STATUTORY NET GAIN AND NET INCOME

11 NCAC 11A .0488          VALUATIONS OF SECURITIES MANUAL

 

History Note:        Authority G.S. 57‑10; 58‑9; 58‑9(1); 58‑9(3); 58‑11; 58‑16; 58‑21; 58‑34.1;

58‑54.4; 58‑62; 58‑63(3); 58‑63.3; 58‑72; 58‑79; 58‑79(a); 58‑79(a)(14); 58‑79.1; 58‑86.4;

58‑155.1; 58‑182.5; 58‑201; 105‑288.4;

Eff. February 1, 1976;

Readopted Eff. February 28, 1978;

Amended Eff. January 14, 1980;

Repealed Eff. April 1, 1993.

 

11 NCAC 11A .0489          AFFIDAVIT FOR RETURN OF DEPOSIT

11 NCAC 11A .0490          APPLICATION FOR LICENSE: HEALTH MAINTENANCE ORGANIZATION

11 NCAC 11A .0491          HEALTH MAINTENANCE ORGANIZATION: ANNUAL STATEMENT

11 NCAC 11A .0492          INSTRUCTIONS FOR COMPLETING STATEMENT

11 NCAC 11A .0493          HEALTH MAINTENANCE ORGANIZATION: QUARTERLY STATEMENT

 

History Note:        Authority G.S. 57A; 57A‑3; 57A‑4; 57A‑9; 57A‑21; 58‑9;

Eff. February 28, 1978;

Repealed Eff. April 1, 1993.

 

SECTION .0500 - CPA AUDITS

 

11 NCAC 11A .0501          PURPOSE AND SCOPE

11 NCAC 11A .0502          DEFINITIONS

11 NCAC 11A .0503          FILING AND EXTENSIONS FOR FILING REPORTS

11 NCAC 11A .0504          CONTENTS OF ANNUAL AUDITED FINANCIAL REPORT

11 NCAC 11A .0505          DESIGNATION OF CPA

11 NCAC 11A .0506          QUALIFICATIONS OF INDEPENDENT CPA

11 NCAC 11A .0507          APPROVAL OF CPA

11 NCAC 11A .0508          SCOPE OF EXAMINATION AND REPORT OF CPA

11 NCAC 11A .0509          NOTIFICATION OF ADVERSE FINANCIAL CONDITION

11 NCAC 11A .0510          INTERNAL CONTROL STRUCTURE RELATED MATTERS

11 NCAC 11A .0511          CPA WORKPAPERS

11 NCAC 11A .0512          EXEMPTIONS AND EFFECTIVE DATES

11 NCAC 11A .0513          EXAMINATIONS

 

History Note:        Authority G.S. 58-2-40; 58-2-131; 58-2-131; 58-2-133; 58-2-205; 150B-21.1(a3);

Eff. December 1, 1990;

Amended Eff. June 1, 2007; July 1, 2004; August 1, 2004; April 1, 1993;

Temporary Amendment Eff. February 15, 2003;

Repealed Eff. January 1, 2011.

 

11 NCAC 11A .0514          SEASONING REQUIREMENTS

11 NCAC 11A .0515          NOTES TO FINANCIAL STATEMENTS

 

History Note:        Authority G.S. 58-2-40; 58-2-205;

Temporary Adoption Eff. October 1, 2000;

Eff. July 18, 2002;

Repealed Eff. January 1, 2011.

 

SECTION .0600 - REINSURANCE INTERMEDIARIES

 

11 NCAC 11A .0601          DEFINITIONS

 

History Note:        Authority G.S. 58-2-40; 58-2-225;

Eff. December 1, 1992;

Repealed Eff. May 1, 1994.

 

11 NCAC 11A .0602          LICENSURE

 

History Note:        Authority G.S. 58-2-40; 58-2-225;

RRC Objection Eff. November 19, 1992 due to ambiguity;

Eff. December 29, 1992;

Repealed Eff. May 1, 1994.

 

11 NCAC 11A .0603          REQUIRED CONTRACT PROVISIONS - BROKERS

11 NCAC 11A .0604          DUTIES OF INSURERS USING SERVICES OF BROKERS

11 NCAC 11A .0605          REQUIRED CONTRACT PROVISIONS - MANAGERS

11 NCAC 11A .0606          PROHIBITED ACTS

11 NCAC 11A .0607          DUTIES OF REINSURERS USING SERVICES OF A MANAGER

11 NCAC 11A .0608          EXAMINATION AUTHORITY

11 NCAC 11A .0609          PENALTIES AND LIABILITIES

 

History Note:        Authority G.S. 58-2-40; 58-2-225;

Eff. December 1, 1992;

Repealed Eff. May 1, 1994.