58-57-65. Existing insurance; choice of insurer.
Credit life insurance and credit accident and health insurance may not be required of any borrower by any creditor. When credit property insurance is required for any indebtedness, the debtor shall be notified in writing of the option of furnishing the required amount of insurance through existing policies owned or controlled by him or of procuring and furnishing the required coverage through any insurer authorized to transact an insurance business within this State. (1975, c. 660, s. 1; 1987, c. 826, s. 8.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 57 - Regulation of Credit Insurance.
§ 58-57-1 - Application of Article.
§ 58-57-10 - Forms of insurance which are authorized.
§ 58-57-20 - Term; termination prior to scheduled maturity.
§ 58-57-30 - Forms to be filed with Commissioner; approval or disapproval by Commissioner.
§ 58-57-35 - General premium rate standard.
§ 58-57-40 - Credit life insurance rate standards.
§ 58-57-45 - Credit accident and health insurance rate standards.
§ 58-57-50 - Premium refunds or credits.
§ 58-57-55 - Issuance of policies.
§ 58-57-65 - Existing insurance; choice of insurer.
§ 58-57-71 - Enforcement and penalties.
§ 58-57-90 - Credit property insurance; personal property coverage.
§ 58-57-100 - Credit property insurance; automobile physical damage insurance.
§ 58-57-105 - Credit insurance on credit card balances.
§ 58-57-107 - Recodified as § 58-3-147, Session Laws 1993, c504, s40.
§ 58-57-110 - Credit unemployment insurance rate standards; policy provisions.
§ 58-57-115 - Family leave credit insurance standards; policy provisions.