11 NCAC 11C .0602          APPLICABILITY

G.S. 58‑7‑162(6) applies when a person solely or in combination with the person's affiliates owes, in any two of three consecutive months, an insurer an amount that exceeds five percent of the insurer's total premiums in course of collection.

History Note:        Authority G.S. 58‑2‑40; 58‑7‑162;

Eff. April 1, 1993;

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