North Carolina § 58-22-25 - Compulsory association.
Full text of North Carolina North Carolina General Statutes § 58-22-25 — Compulsory association., with citation guidance and answers to common questions.
§ 58-22-25. Compulsory association.
No risk retention group is required to join or contribute financially to any insurance insolvency or guaranty fund or similar mechanism in this State; nor shall any risk retention group or its insureds receive any benefit from any such fund for claims arising out of the operations of such risk retention group. A risk retention group may be required to participate in residual market mechanisms under Articles 37 and 42 of this Chapter. History (1987, c. 310, s. 1.)
Frequently Asked Questions About North Carolina § 58-22-25
What does North Carolina General Statutes § 58-22-25 cover?
Section 58-22-25 ("Compulsory association.") 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 § 58-22-25?
A common citation format is "North Carolina General Statutes § 58-22-25" (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 § 58-22-25 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.