11 NCAC 14 .0504             FOREIGN COMPANY MUST HAVE CONDUCTED SUCCESSFUL BUSINESS

In order to be eligible for admission to do business in North Carolina, foreign insurance companies shall have net income for three consecutive years immediately preceding the date of application for admission and must continue to reflect  net income throughout the admission process.

History Note:        Authority G.S. 58-2-40; 58‑16‑5(2);

Eff. April 1, 1990;

Amended Eff. July 1, 2004.