N.C. Gen. Stat. § 58-63-1
Declaration of purpose
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
The purpose of this Article is to regulate trade practices in the business of insurance in accordance with the intent of Congress as expressed in the Act of Congress of March 9, 1945 (Public Law 15, 79th Congress), by defining, or providing for the determination of, all such practices in this State which constitute unfair methods of competition or unfair or deceptive acts or practices and by prohibiting the trade practices so defined or determined.
The purpose of this Article is to regulate trade practices in the business of insurance in accordance with the intent of Congress as expressed in the Act of Congress of March 9, 1945 (Public Law 15, 79th Congress), by defining, or providing for the determination of, all such practices in this State which constitute unfair methods of competition or unfair or deceptive acts or practices and by prohibiting the trade practices so defined or determined.
History
(1949, c. 1112.)
Legal Periodicals. - For brief discussion of this Article, see 27 N.C.L. Rev. 461 (1949).
For survey of 1979 administrative law, see 58 N.C.L. Rev. 1185 (1980).
For note, "Consumer Protection - The Unfair Trade Practice Act and the Insurance Code: Does Per Se Necessarily Preempt?", see 10 Campbell L. Rev. 487 (1988).
For article, "The Learned Profession Exemption of the North Carolina Deceptive Trade Practices Act: The Wrong Bright Line?", see 15 Campbell L. Rev. 223 (1993).
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.