Laws of North Carolina (Last Updated: May 12, 2015) |
Chapter58. Insurance. |
Article33. Licensing of Agents, Brokers, Limited Representatives, and Adjusters |
§58-33-110. Agents signing certain blank policies
Latest version.
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Any agent or limited representative who signs any blank contract or policy of insurance is guilty of a Class 3 misdemeanor and, upon conviction, shall be punished only by a fine of not less than one thousand dollars ($1,000) nor more than five thousand dollars ($5,000); provided, however, that transportation ticket policies of accident insurance and baggage insurance policies may be countersigned in blank for issuance only through coin-operated machines, subject to regulations prescribed by the Commissioner.
(1987, c. 629, s. 1; 1993, c. 539, s. 460; 1994, Ex. Sess., c. 24, s. 14(c).)