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Code · North Carolina · Chapter 58 — Insurance

§ 58-58-147. Surrender fees on death benefits.

49 words·~1 min read·/nc/chapter-58/58-58-147

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§ 58-58-147. Surrender fees on death benefits.
No authorized insurer shall deliver or issue for delivery in this State any deferred annuity contract that contains a provision that reduces the death benefit of the contract by a surrender fee when death occurs during the surrender period. (2007-298, s. 1.2.)
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