No real estate title insurance company shall guarantee or insure in any one risk on real property located in North Carolina more than forty percent (40%) of its combined capital and surplus without first having the approval of the Commissioner, which approval shall be endorsed upon the policy. (1945, c. 386; 1967, c. 936; 1993, c. 504, s. 18.)
Terms Used In North Carolina General Statutes 58-26-15
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.