North Carolina § 58-58-125 - Minimum premium rates for assessment life insurance companies.
Full text of North Carolina North Carolina General Statutes § 58-58-125 — Minimum premium rates for assessment life insurance companies., with citation guidance and answers to common questions.
§ 58-58-125. Minimum premium rates for assessment life insurance companies.
No assessment life insurance corporation, organization or association of any kind issuing policies or contracts upon the life of any resident of this State shall hereafter be organized or licensed by the Commissioner unless such corporation, organization or association adopt premium rates based upon the attained age of the assured at the time of issuance of the contract and such rates shall not be less than those fixed by the American Experience Table of Mortality or any other recognized table of mortality approved by the Commissioner. Nothing contained in this section shall be construed to affect burial associations regulated under G.S. 90-210.80 through 90-210.106 or railroad burial associations. History (1939, c. 161; 1991, c. 720, ss. 4, 32.) Editor's Note. - Session Laws 2001-436, s. 2, effective April 1, 2002, divided Article 58 into Parts 1 to 4, assigning a Part head to each part, with G.S. 58-58-1 to 58-58-40 in Part 1, G.S. 58-58-45 to 58-58-65 in Part 2, G.S. 58-58-70 to 58-58-120 in Part 3, and G.S. 58-58-125 to 58-58-170 in Part 4, reserving G.S. 58-58-175 to 58-58-195 for future codification purposes. Legal Periodicals. - For comment on this section, see 17 N.C.L. Rev. 362 (1939).
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 58-58-125
What does North Carolina General Statutes § 58-58-125 cover?
Section 58-58-125 ("Minimum premium rates for assessment life insurance companies.") 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 § 58-58-125?
A common citation format is "North Carolina General Statutes § 58-58-125" (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 § 58-58-125 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.