§ 58-12-4. Finding; endorsement of additional capital. - North Carolina Statutes

§58‑12‑4.  Finding; endorsement of additional capital.

The General Assembly findsthat an excess of capital over the amount produced by the risk‑basedcapital requirements contained in this Article and in the formulas, schedules,and instructions referenced in this Article is desirable in the business ofinsurance. Accordingly, the General Assembly encourages insurers to seek tomaintain capital above the risk‑based capital levels required by thisArticle. Additional capital is used and useful in the insurance business andhelps to secure an insurer against various risks inherent in or affecting thebusiness of insurance but not accounted for or only partially measured by therisk‑based capital requirements contained in this Article. (1995,c. 318, s. 3.)