Company: NCGA

§ 58‑10‑145.  Monoline requirement for mortgage guaranty insurers.
A mortgage guaranty insurance company that transacts any kind of insurance other than mortgage guaranty insurance is not eligible to transact business in this State. Provided, however, that a mortgage guaranty insurance company may, until December 31, 2012, assume reinsurance for "credit insurance," as defined in G.S. 58‑7‑15(17).  (2007‑127, s. 7; 2008‑124, s. 2.2.)

G.S. 58-10-145		Page