North Carolina Administrative Code
Title 11 - INSURANCE
Chapter 12 - LIFE AND HEALTH DIVISION
Section .1100 - MORTGAGE INSURANCE CONSOLIDATIONS
Section 12 .1106 - DISABILITY INSURANCE PLANS
Universal Citation: 11 NC Admin Code 12 .1106
Current through Register Vol. 38, No. 18, March 15, 2024
If the financial institution sponsors a mortgage life insurance plan and a disability insurance plan that are underwritten by the same insurer, and if the new insurer consolidates the mortgage life plan pursuant to 11 NCAC 12 .1104 by offering the same coverage at the old premium, the new insurer must also consolidate the disability insurance plan by offering the same coverage at the old premium.
Authority
G.S.
58-2-40;
58-2-210;
Eff. February 1, 1992;
Pursuant to G.S.
150B-21.3A, rule is necessary without substantive public interest Eff. May
1, 2018.
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