\nAs used in this Part:\n(1) 'Mortgage guaranty insurers report of policyholders position' means the supplementary report required by the Commissioner.\n(2) 'Policyholders position' means the contingency reserve established under G.S. 58-10-135 and policyholders' surplus. 'Minimum policyholders position' is calculated as described in G.S. 58-10-125.\n(3) 'Policyholders surplus' means an insurer's net worth; the difference between its assets and liabilities, as reported in its annual statement. (2001-223, s. 11; 2005-215, s. 11.)
North Carolina Legal Code