State Codes and Statutes
Statutes > North-carolina > Chapter_58 > GS_58-24-100§58‑24‑100. Investments.
A society shall invest itsfunds only in investments that are authorized by the laws of this State for theinvestment of assets of life insurers and subject to the limitations thereon.Any foreign or alien society permitted or seeking to do business in this Statemust comply in substance with the investment requirements and limitationsimposed by Article 7 of this Chapter and applicable to life insurers; provided,that any society that invests its funds in accordance with the laws of thestate, district, territory, country, or province in which it is incorporated,shall thereby be deemed to be in compliance with the investment requirementsand limitations for a period of two years from January 1, 1988. (1987,c. 483, s. 2; 1995, c. 193, s. 29.)
