§ 58-22-25. Compulsory association. - North Carolina Statutes

§58‑22‑25.  Compulsory association.

(a)        No risk retentiongroup is required to join or contribute financially to any insurance insolvencyor guaranty fund or similar mechanism in this State; nor shall any riskretention group or its insureds receive any benefit from any such fund forclaims arising out of the operations of such risk retention group.

(b)        A risk retentiongroup may be required to participate in residual market mechanisms underArticles 37 and 42 of this Chapter. (1987, c. 310.)