State Codes and Statutes

Statutes > North-carolina > Chapter_58 > GS_58-51-65

§58‑51‑65.  Industrial sick benefit insurance defined.

Industrial sick benefitinsurance is hereby defined as that form of insurance for which premiums arepayable weekly and which provides for the payment of a weekly indemnity onaccount of sickness or accident in addition to a benefit in case of death. Suchdeath benefit shall not exceed one hundred and fifty dollars ($150.00).  Thereshall be a provision for the payment of weekly premium, eighty percent (80%) ofwhich shall be allocated for the purchase of sick and accident coverages andtwenty percent (20%) thereof for the purchase of death benefits. (1945,c. 385.)

State Codes and Statutes

Statutes > North-carolina > Chapter_58 > GS_58-51-65

§58‑51‑65.  Industrial sick benefit insurance defined.

Industrial sick benefitinsurance is hereby defined as that form of insurance for which premiums arepayable weekly and which provides for the payment of a weekly indemnity onaccount of sickness or accident in addition to a benefit in case of death. Suchdeath benefit shall not exceed one hundred and fifty dollars ($150.00).  Thereshall be a provision for the payment of weekly premium, eighty percent (80%) ofwhich shall be allocated for the purchase of sick and accident coverages andtwenty percent (20%) thereof for the purchase of death benefits. (1945,c. 385.)


State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_58 > GS_58-51-65

§58‑51‑65.  Industrial sick benefit insurance defined.

Industrial sick benefitinsurance is hereby defined as that form of insurance for which premiums arepayable weekly and which provides for the payment of a weekly indemnity onaccount of sickness or accident in addition to a benefit in case of death. Suchdeath benefit shall not exceed one hundred and fifty dollars ($150.00).  Thereshall be a provision for the payment of weekly premium, eighty percent (80%) ofwhich shall be allocated for the purchase of sick and accident coverages andtwenty percent (20%) thereof for the purchase of death benefits. (1945,c. 385.)