North Carolina § 58-10-515 - Participants in a protected cell captive insurance company.
Full text of North Carolina North Carolina General Statutes § 58-10-515 — Participants in a protected cell captive insurance company., with citation guidance and answers to common questions.
§ 58-10-515. Participants in a protected cell captive insurance company.
Any person may be a participant in a protected cell captive insurance company formed or licensed under this Part. A sponsor may be a participant in a protected cell captive insurance company. A participant need not be a shareholder of the protected cell captive insurance company or any affiliate thereof. Except as otherwise approved by the Commissioner, a participant shall insure only its own risks and the risks of its affiliates through a protected cell captive insurance company. History (2013-116, s. 1; 2015-99, s. 1; 2016-78, s. 4.1(u).) Effect of Amendments. - Session Laws 2015-99, s. 1, effective June 19, 2015, substituted "Participants" for "Participation" in the section heading; and rewrote subsections (a) and (d). Session Laws 2016-78, s. 4.1(u), effective June 30, 2016, deleted "and controlled unaffiliated businesses" preceding "through a protected cell" in subsection (d).
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 58-10-515
What does North Carolina General Statutes § 58-10-515 cover?
Section 58-10-515 ("Participants in a protected cell captive insurance company.") 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 § 58-10-515?
A common citation format is "North Carolina General Statutes § 58-10-515" (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 § 58-10-515 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.