North Carolina Bylaws of First American Insurance Portfolios, Inc.
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§ 58-2-5. His term of office begins on the first day of January next after his election, and is for four years or until his successor is elected and qualified. If a vacancy occurs during the term, it shall be filled by the Governor for the unexpired term. (Rev., ss. 4680, 4681; 1907, c.
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Each insurer's home or main office must maintain a copy of each document approved for use during solicitation for 3 years following the date of its last authorized use.
Domestic Insurers. are organized under the laws of the same state in which they are domiciled. An insurance company formed under the laws of North Carolina and doing business in North Carolina is a Domestic company.
Under state law, the Insurance Commissioner serves as State Fire Marshal. From training fire and rescue personnel, to helping improve building codes, to awarding grants to fire and rescue departments for equipment, OSFM plays a vital role in protecting lives and property in North Carolina.
The first title insurance company, the Law Property Assurance and Trust Society, was formed in Pennsylvania in 1853. Typically the real property interests insured are fee simple ownership or a mortgage.