No insurer, representative of any insurer, or insurance producer shall enter into any arrangement that involves the sale of insurance or the pledging of existing insurance as guaranty or collateral for the issuance of any credit card.
N.C. Gen. Stat. § 58-3-147
Credit card guaranty or collateral prohibited
1993, c. 226, s. 9; c. 504, s. 40; 2022-46, s. 14(l).
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.