§ 58-2-125. Authority over all insurance companies; no exemptions from license. - North Carolina Statutes

§58‑2‑125.  Authority over all insurance companies; no exemptionsfrom license.

Every insurance company mustbe licensed and supervised by the Commissioner, and must pay all licenses,taxes, and fees as prescribed in the insurance laws of the State for the classof company, association, or order to which it belongs. No provision in anystatute, public or private, may relieve any company, association, or order fromthe supervision prescribed for the class of companies, associations, or ordersof like character, or release it from the payment of the licenses, taxes, andfees prescribed for companies, associations, and orders of the same class; andall such special provisions or exemptions are hereby repealed. It is unlawfulfor the Commissioner to grant or issue a license to any company, association,or order, or agent for them, claiming such exemption from supervision by hisDepartment and release for the payment of license, fees, and taxes. (1903,c. 594, ss. 1, 2, 3; Rev., s. 4691; C.S., s. 6274; 1945, c. 383; 1991, c. 720,s. 4.)