North Carolina General Statutes 58-1-5. Definitions
In this Chapter, unless the context clearly requires otherwise:
(1) “Alien company” means a company incorporated or organized under the laws of any jurisdiction outside of the United States.
(1a) “Commercial aircraft” means aircraft used in domestic, flag, supplemental, commuter, or on-demand operations, as defined in Federal Aviation Administration Regulations, 14 C.F.R. § 119.3, as amended.
(2) “Commissioner” means the Commissioner of Insurance of North Carolina or an authorized designee of the Commissioner.
(3) “Company” or “insurance company” or “insurer” includes any corporation, association, partnership, society, order, individual or aggregation of individuals engaging or proposing or attempting to engage as principals in any kind of insurance business, including the exchanging of reciprocal or interinsurance contracts between individuals, partnerships and corporations. “Company” or “insurance company” or “insurer” does not mean the State of North Carolina or any county, city, or other political subdivision of the State of North Carolina.
(4) “Department” means the Department of Insurance of North Carolina.
(5) “Domestic company” means a company incorporated or organized under the laws of this State.
(6) “Foreign company” means a company incorporated or organized under the laws of the United States or of any jurisdiction within the United States other than this State.
(7) “NAIC” means the National Association of Insurance Commissioners.
(8) Repealed by Session Laws 1999-219, s. 5.5.
(9) “Person” means an individual, partnership, firm, association, corporation, joint-stock company, trust, any similar entity, or any combination of the foregoing acting in concert.
(10) The singular form includes the plural, and the masculine form includes the feminine wherever appropriate. (1899, c. 54, s. 1; Rev., s. 4678; C.S., s. 6261; 1945, c. 383; 1971, c. 510, s. 1; 1987, c. 864, s. 34; 1995, c. 193, s. 1; 1999-219, s. 5.5; 2001-334, s. 18.2.)
Terms Used In North Carolina General Statutes 58-1-5
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
- United States: shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3