§ 58-33-110. Insurance producers signing certain blank policies.
106 words·~1 min read·
/nc/chapter-58/58-33-110A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 58-33-110. Insurance producers signing certain blank policies.
Any insurance producer 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); 2022-46, s. 13(a).)