North Carolina § 58-10-390 - Conflict of interest.
Full text of North Carolina North Carolina General Statutes § 58-10-390 — Conflict of interest., with citation guidance and answers to common questions.
§ 58-10-390. Conflict of interest.
Each captive insurance company licensed in this State is required to adopt a conflict of interest statement for officers, directors, and key employees. Such statement shall disclose that the individual has no outside commitments, personal or otherwise, that would divert him or her from his or her duty to further the interests of the captive insurance company he or she represents, but this shall not preclude such person from being a director or officer in more than one insurance company. Each officer, director, and key employee shall file such disclosure with the board of directors or other governing body of the captive insurance company annually. History (2013-116, s. 1; 2015-99, s. 1; 2016-78, s. 4.1(h).) Effect of Amendments. - Session Laws 2015-99, s. 1, effective June 19, 2015, substituted "board of directors or other governing body of the captive insurance company annually" for "Board of Directors yearly" in subsection (b). Session Laws 2016-78, s. 4.1(h), effective June 30, 2016, substituted "licensed" for "chartered" in the first sentence of subsection (a).
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 58-10-390
What does North Carolina General Statutes § 58-10-390 cover?
Section 58-10-390 ("Conflict of interest.") 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 § 58-10-390?
A common citation format is "North Carolina General Statutes § 58-10-390" (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 § 58-10-390 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.