N.C. Gen. Stat. § 54B-243

Reserve for losses.

Last amended: 1981Year: 2026Length: 45 wordsOfficial source
§ 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: Reserve for losses. | Justis AI