14 .0605 - DELETION FROM ELIGIBLE COMPANY LIST

14 .0605. DELETION FROM ELIGIBLE COMPANY LIST

(a) The Department shall delete a company from its eligible company list if the company is found to no longer satisfy the eligibility requirements and the event causing the ineligibility is not corrected within 15 calendar days after notification of the ineligibility.

(b) By written request, any eligible company may voluntarily withdraw from eligibility and be deleted from the Department's list.

(c) Any insurer that is deleted from the Department's list pursuant to Paragraph (a) or (b) of this Rule and has active policies or policy obligations in this State shall continue to file financial statements with the Department beyond the date the insurer is deleted from the list of eligible companies until all policies are inactive and policy obligations are satisfied.

(Authority G.S. 58-2-40; 58-21-5; 58-21-30; Eff. April 1, 1990; Amended Eff. July 1, 2004.)

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