North Carolina General Statutes 58-21-60. Effect of payment to surplus lines licensee
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Terms Used In North Carolina General Statutes 58-21-60
- Contract: A legal written agreement that becomes binding when signed.
- Surplus lines licensee: means a person licensed under N. See North Carolina General Statutes 58-21-10
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.)