North Carolina Administrative Code
Title 11 - INSURANCE
Chapter 12 - LIFE AND HEALTH DIVISION
Section .0700 - CREDIT INSURANCE AND CREDIT LIFE:ACCIDENT AND HEALTH INSURANCE
Section 12 .0714 - REFUND OF UNEARNED PREMIUM FOR CREDIT INSURANCE
Universal Citation: 11 NC Admin Code 12 .0714
Current through Register Vol. 39, No. 6, September 16, 2024
If credit life insurance coverage is sold together with any other credit insurance coverage, such as accident and health, and death occurs, then as of the date of death the credit life insurance premium is deemed to be fully earned, but the other credit insurance coverage(s) shall provide for a refund of unearned premium. Such refund shall be made in accordance with the provisions of G.S. 58-57-50.
Authority
G.S.
58-2-40;
58-57-50;
Eff. July 1,
2010;
Pursuant to
G.S.
150B-21.3A, rule is necessary without
substantive public interest Eff. May 1, 2018.
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