Laws of North Carolina (Last Updated: May 12, 2015) |
Chapter58. Insurance. |
Article44. Property Insurance Policies |
Part2. Mediation of Emergency or Disaster-Related Property Insurance Claims |
§58-44-90. Mediation fees
Latest version.
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(a) The fees of the mediator and of the Administrator as established by the Commissioner shall be borne by the insurer. All other mediation costs, fees, or expenses shall be borne by the party incurring such costs, fees, or expenses unless otherwise provided in a settlement agreement.
(b) The Commissioner may establish fee schedules, through emergency rules, for fees to be paid to the Administrator, the mediator, and for timely and untimely mediation cancellations.
(2006-145, s. 1.)