§ 58-13-15. Definitions. - North Carolina Statutes

§ 58‑13‑15. Definitions.

As used in this Article:

(1)        "Assets"means all property, real or personal, tangible or intangible, legal orequitable, owned by an insurer.

(2)        "Claimants"means any owners, beneficiaries, assignees, certificate holders, or third‑partybeneficiaries of any insurance benefit or right arising out of and within thecoverage of an insurance policy covered by this Article.

(3)        "Reserveassets" means those assets of an insurer that are authorized investmentsfor policy reserves in accordance with this Chapter.

(4)        "Policyholder‑relatedliabilities" means those liabilities that are required to be establishedby an insurer for all of its outstanding insurance policies in accordance withthis Chapter. (1985,c. 327, s. 1; 1993, c. 504, s. 8; 2001‑223, ss. 13.2, 13.3.)