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Laws of North Carolina (Last Updated: May 12, 2015) |
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Chapter58. Insurance. |
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Article58. Life Insurance and Viatical Settlements |
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Part1. General Provisions |
§58-58-10. Credit life insurance defined
Latest version.
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Credit life insurance is declared to be insurance upon the life of a debtor who may be indebted to any person, firm, or corporation extending credit to said debtor. Credit life insurance may include the granting of additional benefits in the event of total and permanent disability of the debtor.
(1953, c. 1096, s. 1.)