§ 58-57-1. Application of Article. - North-carolina Statutes

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Statutes > North-carolina > Chapter_58 > GS_58-57-1

Article57.

Regulation of CreditInsurance.

§ 58‑57‑1. Application of Article.

All credit life insurance, allcredit accident and health insurance, all credit property insurance, all creditinsurance on credit card balances, all family leave credit insurance, and allcredit unemployment insurance written in connection with direct loans, consumercredit installment sale contracts of whatever term permitted by G.S. 25A‑33,leases, or other credit transactions shall be subject to the provisions of thisArticle, except credit insurance written in connection with direct loans ofmore than 15 years' duration. The provisions of this Article shall becontrolling as to such insurance and no other provisions of Articles 1 through64 of this Chapter shall be applicable unless otherwise specifically provided;nor shall such insurance be subject to the provisions of this Article where theissuance of such insurance is an isolated transaction on the part of theinsurer not related to an agreement or a plan for insuring debtors of thecreditor. (1975, c. 660, s. 1; 1987, c. 826, ss. 1, 12; 1993, c.226, s. 1; 1999‑351, s. 5.2.)

State Codes and Statutes

Statutes > North-carolina > Chapter_58 > GS_58-57-1

Article57.

Regulation of CreditInsurance.

§ 58‑57‑1. Application of Article.

All credit life insurance, allcredit accident and health insurance, all credit property insurance, all creditinsurance on credit card balances, all family leave credit insurance, and allcredit unemployment insurance written in connection with direct loans, consumercredit installment sale contracts of whatever term permitted by G.S. 25A‑33,leases, or other credit transactions shall be subject to the provisions of thisArticle, except credit insurance written in connection with direct loans ofmore than 15 years' duration. The provisions of this Article shall becontrolling as to such insurance and no other provisions of Articles 1 through64 of this Chapter shall be applicable unless otherwise specifically provided;nor shall such insurance be subject to the provisions of this Article where theissuance of such insurance is an isolated transaction on the part of theinsurer not related to an agreement or a plan for insuring debtors of thecreditor. (1975, c. 660, s. 1; 1987, c. 826, ss. 1, 12; 1993, c.226, s. 1; 1999‑351, s. 5.2.)

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State Codes and Statutes

Statutes > North-carolina > Chapter_58 > GS_58-57-1

Article57.

Regulation of CreditInsurance.

§ 58‑57‑1. Application of Article.

All credit life insurance, allcredit accident and health insurance, all credit property insurance, all creditinsurance on credit card balances, all family leave credit insurance, and allcredit unemployment insurance written in connection with direct loans, consumercredit installment sale contracts of whatever term permitted by G.S. 25A‑33,leases, or other credit transactions shall be subject to the provisions of thisArticle, except credit insurance written in connection with direct loans ofmore than 15 years' duration. The provisions of this Article shall becontrolling as to such insurance and no other provisions of Articles 1 through64 of this Chapter shall be applicable unless otherwise specifically provided;nor shall such insurance be subject to the provisions of this Article where theissuance of such insurance is an isolated transaction on the part of theinsurer not related to an agreement or a plan for insuring debtors of thecreditor. (1975, c. 660, s. 1; 1987, c. 826, ss. 1, 12; 1993, c.226, s. 1; 1999‑351, s. 5.2.)