NORTH CAROLINA GENERAL ASSEMBLY

1967 SESSION

 

 

CHAPTER 300

HOUSE BILL 497

 

 

AN ACT AMENDING GENERAL STATUTE 58-77, SUBSECTION (9), PERTAINING TO THE AMOUNT OF CAPITAL AND SURPLUS REQUIRED BY INSURANCE COMPANIES DOING BUSINESS WITHIN THE STATE SO AS TO EXTEND TO JULY 1, 1971, THE INCREASE CAPITAL AND SURPLUS REQUIREMENTS OF SUCH COMPANIES.

 

The General Assembly of North Carolina do enact:

 

Section 1.  Subdivision (9) of General Statute 58-77, as the same appears in the 1965 Supplement of Volume 2B of the General Statutes, is hereby amended by striking out the numerals "1969" in line 6 thereof and by substituting in lieu thereof the numerals "1971".

Sec. 2.  All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 3.  This Act shall become effective on and after its ratification.

In the General Assembly read three times and ratified, this the 5th day of May, 1967.