§ 58-70-10. Application to Commissioner for permit renewal. - North Carolina Statutes

§58‑70‑10.  Application to Commissioner for permit renewal.

Any person, firm, corporationor association desiring to renew a permit issued pursuant to G.S. 58‑70‑5shall make application to the Commissioner of Insurance not less than 30 daysprior to the expiration date of the then current permit.  Such renewalapplicant shall be entitled to a renewal permit upon submission to theCommissioner of Insurance of all the information as required by G.S. 58‑70‑5;provided, however, it shall be sufficient, wherever applicable, to referencethe prior year's application if there has been no change as to any of therequired information and it shall not be necessary to submit with a renewalapplication a new director's resolution.  In addition, the applicant shall submitto the Commissioner a copy of a "continuation certificate" or paidreceipt for renewal premiums for the collection agency bond for the year forwhich the renewal permit is applied.  The application shall include acalculation in accordance with G.S. 58‑70‑20, and if the bond isincreased, an endorsement by the surety.  With a renewal application, theapplicant shall submit a balance sheet for the last fiscal year ending prior tothe application, certified true and correct by a corporate officer, partner, orproprietor, setting forth the current assets, fixed assets, current liabilitiesand positive net worth of the applicant. (1979, c. 835.)