State Codes and Statutes

Statutes > North-carolina > Chapter_54B > GS_54B-243

§54B‑243.  Reserve for losses.

A mutual deposit guarantyassociation shall maintain at all times an amount of funds equal to no lessthan one percent (1%) of its insured liability to cover losses of its members.These funds may include cash, investments, and reinsurance. (1981,c. 282, s. 3.)

State Codes and Statutes

Statutes > North-carolina > Chapter_54B > GS_54B-243

§54B‑243.  Reserve for losses.

A mutual deposit guarantyassociation shall maintain at all times an amount of funds equal to no lessthan one percent (1%) of its insured liability to cover losses of its members.These funds may include cash, investments, and reinsurance. (1981,c. 282, s. 3.)


State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_54B > GS_54B-243

§54B‑243.  Reserve for losses.

A mutual deposit guarantyassociation shall maintain at all times an amount of funds equal to no lessthan one percent (1%) of its insured liability to cover losses of its members.These funds may include cash, investments, and reinsurance. (1981,c. 282, s. 3.)