Section 58-21-75 - Records of surplus lines licenseeEach surplus lines licensee shall keep in his or her office a full and true record of each surplus lines insurance contract placed by or through the licensee, including a copy of the policy, certificate, cover note, or other evidence of insurance. The record shall include the following items:
(1) Amount of the insurance and perils insured;(2) Brief description of the property insured and its location;(3) Gross premium charged;(4) Any return premium paid;(5) Rate of premium charged upon the several items of property;(6) Effective date of the contract, and the terms of the contract;(7) Name and address of the insured;(8) Name and address of the insurer;(9) Amount of tax and other sums to be collected from the insured;(10) Identity of the producing broker, any confirming correspondence from the insurer or its representative, and the application; and(11) Copy of the compliance agreement. The record of each contract shall be kept open at all reasonable times to examination by the Commissioner without notice for a period not less than five years following termination of the contract.
N.C. Gen. Stat. § 58-21-75
Amended by 2019 N.C. Sess. Laws 179,s. 2-c, eff. 7/26/2019.Amended by 2018 N.C. Sess. Laws 120,s. 2.1-k, eff. 6/28/2018. 1985, c. 688, s. 1; 1991, c. 644, s. 42.