(1) "Admittedinsurer" means an insurer licensed to do an insurance business in thisState.
(2) "Capital",as used in the financial requirements of G.S. 58‑21‑20, means fundspaid in for stock or other evidence of ownership.
(3) "Eligiblesurplus lines insurer" means a nonadmitted insurer with which a surpluslines licensee may place surplus lines insurance under G.S. 58‑21‑20.
(4) "Export"means to place surplus lines insurance with a nonadmitted insurer.
(5) "Nonadmittedinsurer" means an insurer not licensed to do an insurance business in thisState. This definition includes insurance exchanges authorized under the lawsof various states.
(6) "Producingbroker" means an agent or broker licensed under Article 33 of this Chapterwho deals directly with the party seeking insurance and who may also be asurplus lines licensee.
(7) "Surplus",as used in the financial requirements of G.S. 58‑21‑20, means fundsover and above liabilities and capital of the company for the protection ofpolicyholders.
(8) "Surplus linesinsurance" means any insurance in this State of risks resident, located,or to be performed in this State, permitted to be placed through a surpluslines licensee with a nonadmitted insurer eligible to accept such insurance,other than reinsurance, commercial aircraft insurance, wet marine andtransportation insurance, insurance independently procured pursuant to G.S. 58‑28‑5,life and accident or health insurance, and annuities.
(9) "Surplus lineslicensee" means a person licensed under G.S. 58‑21‑65 to placeinsurance on risks resident, located, or to be performed in this State withnonadmitted insurers eligible to accept such insurance.
a. Insurance uponvessels, crafts, hulls and of interests therein or with relation thereto;
b. Insurance of marinebuilder's risks, marine war risks and contracts of marine protection andindemnity insurance;
c. Insurance offreights and disbursements pertaining to a subject of insurance coming withinthis subsection; and
d. Insurance ofpersonal property and interests therein, in the course of exportation from orimportation into any country, or in the course of transportation coastwise oron inland waters including transportation by land, water, or air from point oforigin to final destination, in connection with any and all risks or perils ofnavigation, transit or transportation, and while being prepared for and whileawaiting shipment, and during any delays, transshipment, or reshipment incidentthereto. (1985, c. 688, s. 1; 1985 (Reg. Sess., 1986), c. 1027,s. 45; 1987, c. 629, s. 19; c. 727, s. 6; c. 864, s. 73; 1998‑211, s. 3;1999‑219, s. 5.3.)
(1) "Admittedinsurer" means an insurer licensed to do an insurance business in thisState.
(2) "Capital",as used in the financial requirements of G.S. 58‑21‑20, means fundspaid in for stock or other evidence of ownership.
(3) "Eligiblesurplus lines insurer" means a nonadmitted insurer with which a surpluslines licensee may place surplus lines insurance under G.S. 58‑21‑20.
(4) "Export"means to place surplus lines insurance with a nonadmitted insurer.
(5) "Nonadmittedinsurer" means an insurer not licensed to do an insurance business in thisState. This definition includes insurance exchanges authorized under the lawsof various states.
(6) "Producingbroker" means an agent or broker licensed under Article 33 of this Chapterwho deals directly with the party seeking insurance and who may also be asurplus lines licensee.
(7) "Surplus",as used in the financial requirements of G.S. 58‑21‑20, means fundsover and above liabilities and capital of the company for the protection ofpolicyholders.
(8) "Surplus linesinsurance" means any insurance in this State of risks resident, located,or to be performed in this State, permitted to be placed through a surpluslines licensee with a nonadmitted insurer eligible to accept such insurance,other than reinsurance, commercial aircraft insurance, wet marine andtransportation insurance, insurance independently procured pursuant to G.S. 58‑28‑5,life and accident or health insurance, and annuities.
(9) "Surplus lineslicensee" means a person licensed under G.S. 58‑21‑65 to placeinsurance on risks resident, located, or to be performed in this State withnonadmitted insurers eligible to accept such insurance.
a. Insurance uponvessels, crafts, hulls and of interests therein or with relation thereto;
b. Insurance of marinebuilder's risks, marine war risks and contracts of marine protection andindemnity insurance;
c. Insurance offreights and disbursements pertaining to a subject of insurance coming withinthis subsection; and
d. Insurance ofpersonal property and interests therein, in the course of exportation from orimportation into any country, or in the course of transportation coastwise oron inland waters including transportation by land, water, or air from point oforigin to final destination, in connection with any and all risks or perils ofnavigation, transit or transportation, and while being prepared for and whileawaiting shipment, and during any delays, transshipment, or reshipment incidentthereto. (1985, c. 688, s. 1; 1985 (Reg. Sess., 1986), c. 1027,s. 45; 1987, c. 629, s. 19; c. 727, s. 6; c. 864, s. 73; 1998‑211, s. 3;1999‑219, s. 5.3.)
(1) "Admittedinsurer" means an insurer licensed to do an insurance business in thisState.
(2) "Capital",as used in the financial requirements of G.S. 58‑21‑20, means fundspaid in for stock or other evidence of ownership.
(3) "Eligiblesurplus lines insurer" means a nonadmitted insurer with which a surpluslines licensee may place surplus lines insurance under G.S. 58‑21‑20.
(4) "Export"means to place surplus lines insurance with a nonadmitted insurer.
(5) "Nonadmittedinsurer" means an insurer not licensed to do an insurance business in thisState. This definition includes insurance exchanges authorized under the lawsof various states.
(6) "Producingbroker" means an agent or broker licensed under Article 33 of this Chapterwho deals directly with the party seeking insurance and who may also be asurplus lines licensee.
(7) "Surplus",as used in the financial requirements of G.S. 58‑21‑20, means fundsover and above liabilities and capital of the company for the protection ofpolicyholders.
(8) "Surplus linesinsurance" means any insurance in this State of risks resident, located,or to be performed in this State, permitted to be placed through a surpluslines licensee with a nonadmitted insurer eligible to accept such insurance,other than reinsurance, commercial aircraft insurance, wet marine andtransportation insurance, insurance independently procured pursuant to G.S. 58‑28‑5,life and accident or health insurance, and annuities.
(9) "Surplus lineslicensee" means a person licensed under G.S. 58‑21‑65 to placeinsurance on risks resident, located, or to be performed in this State withnonadmitted insurers eligible to accept such insurance.
a. Insurance uponvessels, crafts, hulls and of interests therein or with relation thereto;
b. Insurance of marinebuilder's risks, marine war risks and contracts of marine protection andindemnity insurance;
c. Insurance offreights and disbursements pertaining to a subject of insurance coming withinthis subsection; and
d. Insurance ofpersonal property and interests therein, in the course of exportation from orimportation into any country, or in the course of transportation coastwise oron inland waters including transportation by land, water, or air from point oforigin to final destination, in connection with any and all risks or perils ofnavigation, transit or transportation, and while being prepared for and whileawaiting shipment, and during any delays, transshipment, or reshipment incidentthereto. (1985, c. 688, s. 1; 1985 (Reg. Sess., 1986), c. 1027,s. 45; 1987, c. 629, s. 19; c. 727, s. 6; c. 864, s. 73; 1998‑211, s. 3;1999‑219, s. 5.3.)
