North Carolina § 58-8-1 - Mutual insurance companies organized; requisites for doing business.
Full text of North Carolina North Carolina General Statutes § 58-8-1 — Mutual insurance companies organized; requisites for doing business., with citation guidance and answers to common questions.
§ 58-8-1. Mutual insurance companies organized; requisites for doing business.
No policy may be issued by a mutual company until the president and the secretary of the company have certified under oath that every subscription for insurance in the list presented to the Commissioner for approval is genuine, and made with an agreement with every subscriber for insurance that he will take the policies subscribed for by him within 30 days after the granting of a license to the company by the Commissioner to issue policies. Any person making a false oath in respect to the certificate is guilty of a Class I felony. History (1899, c. 54, ss. 25, 32, 34; 1901, c. 391, s. 3; 1903, c. 438, s. 4; Rev., s. 4738; 1911, c. 93; C.S., s. 6346; 1945, c. 386; 1989 (Reg. Sess., 1990), c. 1054, s. 4; 1993 (Reg. Sess., 1994), c. 767, s. 24.) Cross References. - As to report by Department of Insurance to General Assembly on various relief funds, see G.S. 58-2-121 .
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 58-8-1
What does North Carolina General Statutes § 58-8-1 cover?
Section 58-8-1 ("Mutual insurance companies organized; requisites for doing business.") 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 § 58-8-1?
A common citation format is "North Carolina General Statutes § 58-8-1" (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 § 58-8-1 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.