North Carolina § 58-10-120 - Definitions.
Full text of North Carolina North Carolina General Statutes § 58-10-120 — Definitions., with citation guidance and answers to common questions.
§ 58-10-120. Definitions.
As used in this Part: "Mortgage guaranty insurers report of policyholders position" means the supplementary report required by the Commissioner. "Policyholders position" means the contingency reserve established under G.S. 58-10-135 and policyholders' surplus. "Minimum policyholders position" is calculated as described in G.S. 58-10-125. "Policyholders surplus" means an insurer's net worth; the difference between its assets and liabilities, as reported in its annual statement. History (2001-223, s. 11; 2005-215, s. 11.) Effect of Amendments. - Session Laws 2005-215, s. 11, effective October 1, 2005, deleted "annual" preceding "supplementary" in subdivision (1).
Frequently Asked Questions About North Carolina § 58-10-120
What does North Carolina General Statutes § 58-10-120 cover?
Section 58-10-120 ("Definitions.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 58-10-120?
A common citation format is "North Carolina General Statutes § 58-10-120" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 58-10-120 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.