§ 58-21-70. Surplus lines licensees may accept business from other agents or brokers; countersignatures required; remittance of premium tax. - North Carolina Statutes

§ 58‑21‑70. Surplus lines licensees may accept business from other agents or brokers;countersignatures required; remittance of premium tax.

(a)        A surplus lineslicensee may originate surplus lines insurance or accept such insurance fromany other duly licensed agent or broker, and the surplus lines licensee maycompensate such agent or broker therefor.

(b)        Every report filedby a nonresident licensee under G.S. 58‑21‑35(a) shall, beforebeing filed with the Commissioner, be countersigned by a resident licensee orby a regulatory support organization. The resident licensee or regulatorysupport organization may charge the nonresident licensee a countersignaturefee.

(c)        Every residentlicensee and regulatory support organization that countersigns a report undersubsection (b) of this section is responsible for remitting the premium tax forthe coverage, as specified in G.S. 58‑21‑85, to the Commissioner. (1985, c. 688, s. 1; 2001‑451,s. 2.)