NORTH CAROLINA GENERAL ASSEMBLY

1965 SESSION

 

 

CHAPTER 1039

HOUSE BILL 1007

 

 

AN ACT TO AMEND G.S. 58-56.2, RELATING TO LICENSE FOR INSURANCE PREMIUM FINANCE COMPANIES.

 

The General Assembly of North Carolina do enact:

 

Section 1.  G.S. 58-56.2(a) is hereby amended by adding, immediately after the word "application" in line 7 thereof, the following:

"The Commissioner may require a bond not to exceed twenty-five thousand dollars ($25,000.00) on applications and any renewal thereof."

Sec. 2.  All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 3.  This Act shall be in full force and effect from and after its ratification.

In the General Assembly read three times and ratified, this the 14th day of June, 1965.