N.C. Gen. Stat. § 58-45-36

Current through Session Law 2024-3
Section 58-45-36 - Temporary contracts of insurance

Consistent with G.S. 58-45-35(d), the Association shall be temporarily bound by a written temporary binder of insurance issued by any duly licensed insurance producer. Coverage shall be effective upon payment to the insurance producer of the entire premium or part of the premium, as prescribed by the Association's plan of operation. Nothing in this section shall impair or restrict the rights of the Association under G.S. 58-45-35(b) to decline to issue a policy based upon a lack of insurability as determined by the Association or the existence of an unpaid premium due from the applicant.

N.C. Gen. Stat. § 58-45-36

Amended by 2022 N.C. Sess. Laws 46,s. 14-lll, eff. 7/7/2022.
Amended with no change by 2009 N.C. Sess. Laws 472,s. 1, eff. 8/26/2009.
Added by 2002-185, s. 4.2, eff. 1/1/2003.