North Carolina Administrative Code
Title 11 - INSURANCE
Chapter 04 - CONSUMER SERVICES DIVISION
Section .0400 - PROPERTY AND LIABILITY
Section 04 .0420 - WRITTEN CONFIRMATION OF ORAL AGREEMENTS
Current through Register Vol. 39, No. 6, September 16, 2024
(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.
Authority
G.S.
58-2-40;
58-3-100;
58-63-15;
Eff.
December 15, 1979;
Readopted Eff. November 1,
2021.
