58-1-10. Contract of insurance.
A contract of insurance is an agreement by which the insurer is bound to pay money or its equivalent or to do some act of value to the insured upon, and as an indemnity or reimbursement for the destruction, loss, or injury of something in which the other party has an interest. (1899, c. 54, s. 2; Rev., s. 4679; C.S., s. 6262; 1945, c. 383.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 1 - Title and Definitions.
§ 58-1-1 - Title of the Chapter.
§ 58-1-2 - Insurance secondary sources not authoritative.
§ 58-1-10 - Contract of insurance.
§ 58-1-15 - Warranties by manufacturers, distributors, or sellers of goods or services.
§ 58-1-20 - Real property warranties.
§ 58-1-25 - Recodified as G.S66-370 by Session Laws 2007-95, ss2-5, effective October 1, 2007.
§ 58-1-30 - Recodified as G.S66-371 by Session Laws 2007-95, ss2-5, effective October 1, 2007.
§ 58-1-35 - Recodified as G.S66-372 by Session Laws 2007-95, ss2-5, effective October 1, 2007.
§ 58-1-36 - Recodified as G.S66-373 by Session Laws 2007-95, ss2-5, effective October 1, 2007.
§ 58-1-42 - Recodified as G.S66-374 by Session Laws 2007-95, s6, effective October 1, 2007.