North Carolina General Statutes 58-37-60. Physical damage insurance availability
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Terms Used In North Carolina General Statutes 58-37-60
- Facility: means the North Carolina Motor Vehicle Reinsurance Facility established under this Article. See North Carolina General Statutes 58-37-1
No physical damage insurer shall refuse to make physical damage coverage available to any applicant for the reason that such applicant has, or may acquire, auto liability insurance through the Facility plan as provided herein; further that no such insurer may levy a surcharge or increased rate for such physical damage coverage on the basis that such applicant has, or may acquire, auto liability insurance through the Facility plan as provided herein.
Any insurer or representative thereof who fails to comply with or violates this section shall be subject to suspension or revocation of his certificate or license and shall be subject to the provisions of N.C. Gen. Stat. § 58-2-70. (1973, c. 818, s. 1; 1985, c. 666, s. 37.)