11 N.C. Admin. Code 4.0420

Current through Register Vol. 38, No. 20, April 15, 2024

Section 04 .0420 - WRITTEN CONFIRMATION OF ORAL AGREEMENTS

(a) Once an insurer accepts liability or advises a claimant to have damaged property repaired with the understanding that the insurer will pay or reimburse the claimant, the insurer shall, if requested by the claimant, confirm the understanding in writing. Such writing shall clearly state the responsibility assumed by the insurer for payment of incurred costs.

(b) If so requested by the claimant, the insurer or its representative shall confirm in writing all other oral agreements between itself or its representative and the claimant.

11 N.C. Admin. Code 04 .0420

Authority G.S. 58-2-40; 58-3-100; 58-63-15;
Eff. December 15, 1979;
Readopted Eff. November 1, 2021.

Authority G.S. 58-2-40; 58-3-100; 58-63-15;
Eff. December 15, 1979.

Readopted by North Carolina Register Volume 36, Issue 11, December 1, 2021 effective 11/1/2021.