North Carolina § 58-67-105 - Hazardous financial condition.
Full text of North Carolina North Carolina General Statutes § 58-67-105 — Hazardous financial condition., with citation guidance and answers to common questions.
§ 58-67-105. Hazardous financial condition.
Whenever the financial condition of any health maintenance organization indicates a condition such that the continued operation of the health maintenance organization might be hazardous to its enrollees, creditors, or the general public, then the Commissioner may order the health maintenance organization to take such action as may be reasonably necessary to rectify the existing condition, including but not limited to one or more of the following steps: To reduce the total amount of present and potential liability for benefits by reinsurance; To reduce the volume of new business being accepted; To reduce the expenses by specified methods; To suspend or limit the writing of new business for a period of time; or To require an increase to the health maintenance organization's net worth by contribution. The Commissioner may adopt rules to set uniform standards and criteria for the early warning that the continued operation of any health maintenance organization might be hazardous to its enrollees, creditors, or the general public, and to set standards for evaluating the financial condition of any health maintenance organization, which standards shall be consistent with the purposes expressed in subsection (a) of this section. History (1987, c. 631, s. 5.)
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 58-67-105
What does North Carolina General Statutes § 58-67-105 cover?
Section 58-67-105 ("Hazardous financial condition.") 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 § 58-67-105?
A common citation format is "North Carolina General Statutes § 58-67-105" (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 § 58-67-105 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.