11 NCAC 11C .0406          APPRAISAL REVIEW FEES ARE PART OF PREMIUM CHARGE

Appraisal review fees, as charged by mortgage guaranty insurance companies, are considered to be a part of the premium charge for all purposes, including unearned premium reserve, and are to be included as part of the gross premiums as defined in North Carolina General Statute 105‑228.5.

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

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.