North Carolina Administrative Code
Title 11 - INSURANCE
Chapter 13 - AGENT SERVICES DIVISION - NON-INSURANCE ENTITIES
Section .0300 - INSURANCE PREMIUM FINANCE COMPANIES
Section 13 .0325 - MULTIPLE CONTRACTS
Universal Citation: 11 NC Admin Code 13 .0325
Current through Register Vol. 39, No. 6, September 16, 2024
When a contract or series of contracts is written by more than one agent, or when the contracts are written and dated 60 days or more apart, or when the insured expressly requests, in writing, separate contracts, there is a presumption that the insurance agent or insurance premium finance company did not induce an insured to become obligated under more than one insurance premium finance agreement to earn additional fees.
Authority
G.S.
58-2-40;
58-35-30(a);
58-35-55(e);
58-35-90;
Eff. May 1,
1989;
Pursuant to
G.S.
150B-21.3A, rule is necessary without
substantive public interest Eff. June 25,
2016.
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