N.C. Gen. Stat. § 54B-243

Current through Session Law 2024-53
Section 54B-243 - Reserve for losses

A mutual deposit guaranty association shall maintain at all times an amount of funds equal to no less than one percent (1%) of its insured liability to cover losses of its members. These funds may include cash, investments, and reinsurance.

N.C. Gen. Stat. § 54B-243

1981, c. 282, s. 3.