CHAPTER 7 ‑ STATE PROPERTY FIRE INSURANCE FUND DIVISION

 

SECTION .0100 ‑ GENERAL PROVISIONS

 

11 NCAC 07 .0101             DEFINITIONS

The following definitions shall apply for this division:

(1)           "Agent of Record" shall mean that insurance agent or agents authorized to represent the North Carolina Department of Insurance in procurement of insurance for North Carolina agencies.

(2)           "Self-liquidating buildings" shall mean buildings using their own revenues to retire their obligations.

(3)           "Special Fund Agencies" shall mean departments or agencies that receive their operating revenue from sources other than the general fund.

 

History Note:        Authority G.S. 58-2-40; 58-31-10;

Eff. February 1, 1976;

Readopted Eff. May 12, 1978;

Amended Eff. October 1, 1988.