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.)