North Carolina General Statutes 58-38-15. Definitions
As used in this Article, unless the context clearly indicates otherwise:
(1) “Benefit booklet” means any written explanation of insurance coverages or benefits issued by an insurer and which is supplemental to and not a part of an insurance policy or contract.
Terms Used In North Carolina General Statutes 58-38-15
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Insurer: means every person entering insurance policies or contracts as a principal, as described in N. See North Carolina General Statutes 58-38-15
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: means any individual, corporation, partnership, association, business trust, or voluntary organization. See North Carolina General Statutes 58-38-15
- policy: means an agreement as defined by N. See North Carolina General Statutes 58-38-15
(2) Repealed by Session Laws 1991, c. 720, s. 6.
(3) “Flesch scale analysis readability score” means a measurement of the ease of readability of an insurance policy or contract made pursuant to the procedures described in N.C. Gen. Stat. § 58-38-35.
(4) “Insurance policy or contract” or “policy” means an agreement as defined by N.C. Gen. Stat. § 58-1-10.
(5) “Insurer” means every person entering insurance policies or contracts as a principal, as described in N.C. Gen. Stat. § 58-1-5(3).
(6) “Person” means any individual, corporation, partnership, association, business trust, or voluntary organization. (1979, c. 755, s. 1; 1987, c. 864, s. 10; 1991, c. 720, s. 6.)