58-35-75. Statement of account; release on payment in full.
(a) At any time after its execution, but not later than one year after the last payment thereunder, an insurance premium finance company holding an insurance premium finance agreement shall, upon written request of the insured, give or mail to him a written statement of the dates and amounts of payments and the total amount, if any, unpaid thereunder.
(b) After the payment of all sums for which an insured is obligated under an insurance premium finance agreement, and upon his written demand, the insurance premium finance company holding the agreement shall deliver, or mail to the insured at his last known address, such one or more good and sufficient instruments as may be necessary to acknowledge payment in full and to release all interest in or rights to the insurance contracts, the premiums for which were advanced or are to be advanced under the agreement. (1963, c. 1118.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 35 - Insurance Premium Financing.
§ 58-35-5 - License required; fees.
§ 58-35-10 - Exceptions to license requirements.
§ 58-35-22 - Notification of criminal or administrative actions.
§ 58-35-25 - Investigations; hearings.
§ 58-35-35 - Excessive insurance premium finance charges; penalty.
§ 58-35-40 - Rebates and inducements prohibited; assignment of insurance premium finance agreements.
§ 58-35-45 - Filing and approval of forms and service charges.
§ 58-35-50 - Form, contents and execution of insurance premium finance agreements.
§ 58-35-55 - Limitations on service charges; computation; minimum charges.
§ 58-35-60 - Prohibited provisions in insurance premium finance agreements.
§ 58-35-65 - Delivery of copy of insurance premium finance agreement to insured.
§ 58-35-70 - Payments by insured without notice of assignment of agreement.
§ 58-35-75 - Statement of account; release on payment in full.
§ 58-35-80 - Credit upon anticipation of payments.
§ 58-35-90 - Violations; penalties.