58-31-20. Use and occupancy and business interruption insurance.
Upon request of any State department, agency or institution, use and occupancy and business interruption insurance shall be provided on state-owned property of such department, agency or institution which is insured by the State Property Fire Insurance Fund. Premiums for such insurance coverage shall be paid by each requesting department, agency or institution in accordance with rates fixed by the Commissioner. Losses covered by such insurance may be paid for out of the State Property Fire Insurance Fund in the same manner as fire losses. The Commissioner, with the approval of the Governor and Council of State, is authorized and empowered to purchase from insurers admitted to do business in North Carolina such insurance or reinsurance as may be necessary to protect the State Property Fire Insurance Fund against loss with respect to such insurance coverage. (1957, c. 67; 1991, c. 720, s. 4.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 31 - Insuring State Property, Officials and Employees.
§ 58-31-1 - State Property Fire Insurance Fund created.
§ 58-31-2 - Certain buildings of North Carolina Global TransPark exempt.
§ 58-31-5 - Appropriations; fund to pay administrative expenses.
§ 58-31-13 - Hazardous conditions in State-owned buildings.
§ 58-31-15 - Extended coverage insurance.
§ 58-31-20 - Use and occupancy and business interruption insurance.
§ 58-31-25 - Professional liability insurance for officials and employees of the State.
§ 58-31-30 - Expired at the end of the 1993-94 fiscal year by its own terms.
§ 58-31-35 - Information furnished Commissioner by officers in charge.
§ 58-31-40 - Commissioner to inspect State property.
§ 58-31-45 - Report required of Commissioner.
§ 58-31-50 - Liability insurance required for state-owned vehicles.
§ 58-31-52 - State motor vehicle safety program.
§ 58-31-65 - Owner-controlled or wrap-up insurance authorized.