North Carolina § 58-10-520 - Combining assets of protected cells.
Full text of North Carolina North Carolina General Statutes § 58-10-520 — Combining assets of protected cells., with citation guidance and answers to common questions.
§ 58-10-520. Combining assets of protected cells.
Notwithstanding G.S. 58-10-510 , the assets of two or more protected cells may be combined for purposes of investment and such combination shall not be construed as defeating the segregation of such assets for accounting or other purposes. History (2013-116, s. 1; 2014-65, s. 17.) Effect of Amendments. - Session Laws 2014-65, s. 17, effective July 1, 2014, deleted the former second and third sentences in the section, which read: "Protected cell captive insurance companies shall comply with the investment requirements contained in G.S. 58-7-167 , 58-7-170, 58-7-172, 58-7-173, 58-7-178, 58-7-179, 58-7-180, 58-7-183, 58-7-185, 58-7-187, 58-7-188, 58-7-192, 58-7-193, 58-7-197, 58-7-200, and 58-7-205, as applicable; provided that compliance with such investment requirements shall be waived for protected cell captive insurance companies to the extent that credit for reinsurance ceded to reinsurers is allowed pursuant to G.S. 58-10-445 or to the extent otherwise deemed reasonable and appropriate by the Commissioner. Notwithstanding any other provision of this Chapter, the Commissioner may approve the use of alternative reliable methods of valuation and rating."
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 58-10-520
What does North Carolina General Statutes § 58-10-520 cover?
Section 58-10-520 ("Combining assets of protected cells.") 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 § 58-10-520?
A common citation format is "North Carolina General Statutes § 58-10-520" (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 § 58-10-520 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.