North Carolina § 58-45-46 - Unearned premium, loss, and loss expense reserves.
Full text of North Carolina North Carolina General Statutes § 58-45-46 — Unearned premium, loss, and loss expense reserves., with citation guidance and answers to common questions.
§ 58-45-46. Unearned premium, loss, and loss expense reserves.
The Association shall make provisions for reserving unearned premiums and reserving for losses, including incurred but not reported losses, and loss expenses, in accordance with G.S. 58-3-71 , 58-3-75, and 58-3-81. History (2002-185, s. 5.1.) Editor's Note. - Session Laws 2002-185, s. 5.3, directs the North Carolina Joint Underwriting Association and the North Carolina Insurance Underwriting Association to request from the United States Internal Revenue Service a ruling as to whether or not the reserves required by Sections 5.1 and 5.2 of this act are subject to federal taxation. If the ruling states that the reserves are subject to federal taxation, in whole or in part, the Associations is to pursue ways and means for an exemption from federal taxation.
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 58-45-46
What does North Carolina General Statutes § 58-45-46 cover?
Section 58-45-46 ("Unearned premium, loss, and loss expense reserves.") 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 § 58-45-46?
A common citation format is "North Carolina General Statutes § 58-45-46" (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 § 58-45-46 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.