North Carolina General Statutes 58-33-60. Countersignature and related laws
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Terms Used In North Carolina General Statutes 58-33-60
- Contract: A legal written agreement that becomes binding when signed.
- Insurance: means any of the kinds of insurance in N. See North Carolina General Statutes 58-33-10
- producer: includes an agent and a broker. See North Carolina General Statutes 58-33-10
- Solicit: means attempting to sell insurance or asking or urging a person to apply for a particular kind of insurance from a particular company. See North Carolina General Statutes 58-33-10
Subject to the retaliatory provisions of N.C. Gen. Stat. § 58-33-30(i), there shall be no requirement that a licensed resident insurance producer must countersign, solicit, transact, take, accept, deliver, record, or process in any manner an application, policy, contract, or any other form of insurance on behalf of a nonresident insurance producer or an authorized insurer; or share in the payment of commissions, if any, related to such business. (1987, c. 629, s. 1; 2022-46, s. 13(a).)