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Code · North Carolina · Chapter 58 — Insurance

§ 58-21-60. Effect of payment to surplus lines licensee.

62 words·~1 min read·/nc/chapter-58/58-21-60

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§ 58-21-60. Effect of payment to surplus lines licensee.
A payment of premium to a surplus lines licensee acting for a person other than himself in negotiating, continuing, or reviewing any policy of insurance under this Article shall be deemed to be payment to the insurer, notwithstanding any conditions or stipulations inserted in the policy or contract. (1985, c. 688, s. 1.)
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