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.
N.C. Gen. Stat. § 58-21-60
Effect of payment to surplus lines licensee
Known as the Surplus Lines Act
The act spans §§ 58–58 (29 sections).
1985, c. 688, s. 1.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.