§ 58-24-130. Perpetual license. - North Carolina Statutes

§ 58‑24‑130. Perpetual license.

Subject to timely payment ofthe annual license continuation fee and subject to any other applicableprovisions of the insurance laws of this State, a license, other than apreliminary license, to a fraternal benefit society under this Article shallcontinue in full force and effect. For each license the society shall pay theCommissioner the fee specified in G.S. 58‑6‑5. The society shallpay the Commissioner, as an annual license continuation fee and a condition ofthe continuation of the license, the fee specified in G.S. 58‑6‑7on or before the first day of March on a form to be supplied by theCommissioner. A duly certified copy or duplicate of the license shall be primafacie evidence that the licensee is a fraternal benefit society within themeaning of Articles 1 through 64 of this Chapter. (1987, c. 483, s. 2; 1991, c.720, s. 4; 2003‑212, s. 26(g).)