North Carolina § 58-40-85 - Recording and reporting of experience.
Full text of North Carolina North Carolina General Statutes § 58-40-85 — Recording and reporting of experience., with citation guidance and answers to common questions.
§ 58-40-85. Recording and reporting of experience.
The Commissioner shall promulgate or approve reasonable rules, including rules providing statistical plans, for use thereafter by all insurers in the recording and reporting of loss and expense experience, in order that the experience of such insurers may be made available to him. The Commissioner may designate one or more statistical organizations to assist him in gathering and making compilations of such experience. All insurers, for lines of insurance that require data to be reported, shall report their data to one of these designated statistical organizations. History (1977, c. 828, s. 2; 2005-210, s. 12.) Effect of Amendments. - Session Laws 2005-210, s. 12, effective October 1, 2005, deleted the former second sentence, which read "No insurer shall be required to record or report its experience on a classification basis with its own rating system."; in the present second sentence, substituted "statistical" for "rating" and added the last sentence.
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 58-40-85
What does North Carolina General Statutes § 58-40-85 cover?
Section 58-40-85 ("Recording and reporting of experience.") 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 § 58-40-85?
A common citation format is "North Carolina General Statutes § 58-40-85" (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 § 58-40-85 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.