§ 58-42-40. Voluntary risk sharing plans. - North Carolina Statutes

§ 58‑42‑40. Voluntary risk sharing plans.

Insurers doing business withinthis State or reinsurers approved by the Commissioner may prepare voluntaryplans that will provide any specific amount or kind of insurance or componentthereof for all or any part of this State in which that insurance is notreadily available in the voluntary market and in which the public interestrequires the availability of the coverage. These plans shall be submitted tothe Commissioner and, if approved by him, may be put into operation. (1986, Ex. Sess., c. 7, s. 1;1999‑114, s. 1.)