Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
§ 58-40-120 — North Carolina Law | CourtGPT
  1. Home/
  2. Laws/
  3. North Carolina/
  4. Chapter 58 - Insurance/
  5. Article 40/
  6. § 58-40-120
North Carolina Legal Code

§ 58-40-120

Ask AI about this
\nNothing in this Article shall be construed to prohibit or regulate the payment of dividends, savings, or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members, or subscribers. A plan for the payment of dividends, savings, or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members, or subscribers shall not be deemed a rating plan or system. (1977, c. 828, s. 2.)

Source: https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/ByChapter/Chapter_58.html· Version 2026