North Carolina § 58-10-450 - Membership in rating organizations; exemption from compulsory associations.
Full text of North Carolina North Carolina General Statutes § 58-10-450 — Membership in rating organizations; exemption from compulsory associations., with citation guidance and answers to common questions.
§ 58-10-450. Membership in rating organizations; exemption from compulsory associations.
No captive insurance company shall be required to join a rating organization. No captive insurance company shall be permitted to join or contribute financially to any plan, pool, association, or guaranty or insolvency fund in this State, nor shall any such captive insurance company, or any insured or affiliate thereof, receive any benefit from any such plan, pool, association, or guaranty or insolvency fund for claims arising out of the operations of such captive insurance company. History (2013-116, s. 1.)
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 58-10-450
What does North Carolina General Statutes § 58-10-450 cover?
Section 58-10-450 ("Membership in rating organizations; exemption from compulsory associations.") 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 § 58-10-450?
A common citation format is "North Carolina General Statutes § 58-10-450" (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 § 58-10-450 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.