13 .0404 - RENEWAL OF MOTOR CLUB LICENSE

13 .0404. RENEWAL OF MOTOR CLUB LICENSE

(a) The Division will mail to each licensed motor club a "Motor Club License Renewal Application."

(b) Each motor club shall complete the application and return it to the Division by the date specified on the form. The following items shall be attached to and made a part of the application:

(1) a current audited financial statement of the motor club, proposed by a certified public accountant or by a qualified independent accountant who is engaged in the public practice of accounting;

(2) an alphabetical listing of all persons authorized to sell memberships for the motor club in the State of North Carolina;

(3) a list of all district or branch office locations in North Carolina and the name of each district or branch office manager in this state;

(4) a check made payable to the North Carolina Department of Insurance for the proper fee specified in G.S. 58-59-10.

(c) Bonds must be in force at the time of renewal, where applicable.

(Authority G.S. 58-2-40; 58-69-15; 58-69-20(5); Eff. February 1, 1976; Readopted Eff. January 1, 1978; Amended Eff. April 8, 2002.)

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