North Carolina Administrative Code
Title 11 - INSURANCE
Chapter 13 - AGENT SERVICES DIVISION - NON-INSURANCE ENTITIES
Section .0300 - INSURANCE PREMIUM FINANCE COMPANIES
Section 13 .0314 - ADDITIONAL BALANCES ADDED TO FINANCE AGREEMENTS: 60 DAYS

Universal Citation: 11 NC Admin Code 13 .0314
Current through Register Vol. 39, No. 6, September 16, 2024

All additional premiums on insurance contracts or all additional insurance contracts added to a premium finance agreement less than 60 days after the date of the premium finance agreement shall be added as if the additional balance had been known at the time the premium finance agreement was entered into. The additional service charge, if any, shall be the difference between the service charge shown on the premium finance agreement and the amount of service charge that would have been allowed under the licensee's approved rate chart.

Authority G.S. 58-2-40;
Eff. February 1, 1976;
Readopted Eff. January 1, 1978;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. June 25, 2016.

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