State Codes and Statutes
Statutes > North-carolina > Chapter_58 > GS_58-22-25§58‑22‑25. Compulsory association.
(a) No risk retentiongroup is required to join or contribute financially to any insurance insolvencyor guaranty fund or similar mechanism in this State; nor shall any riskretention group or its insureds receive any benefit from any such fund forclaims arising out of the operations of such risk retention group.
(b) A risk retentiongroup may be required to participate in residual market mechanisms underArticles 37 and 42 of this Chapter. (1987, c. 310.)
