§ 58-15-140. Duration of liability for assessment. - North Carolina Statutes

§58‑15‑140.  Duration of liability for assessment.

Every subscriber of a domesticreciprocal having contingent assessment liability shall be liable for and shallpay his share of any assessment computed in accordance with this Part, if,while the policy is in force or for such period after its termination as theCommissioner may establish by rule, the subscriber is notified (i) by theattorney of his intention to levy the assessment or (ii) that delinquencyproceedings have been commenced against the reciprocal under the provisions ofArticle 30 of this Chapter, and the Commissioner or receiver intends to levy anassessment.  In adopting such rules the Commissioner may take into accountfactors including the kinds of insurance issued by such reciprocals. (1989,c. 425, s. 1, c. 770, s. 70; 1989 (Reg. Sess., 1990), c. 1021, s. 1.)