N.C. Gen. Stat. § 97-140
Nonduplication of recovery
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
Any person having a covered claim that may be recovered under more than one insurance or self-insurance guaranty or security association or its equivalent shall seek recovery first from the association of the place or residence of the claimant. Any recovery under this Article shall be reduced by the amount of recovery from any other insurance guaranty or security association or its equivalent.
Any person having a covered claim that may be recovered under more than one insurance or self-insurance guaranty or security association or its equivalent shall seek recovery first from the association of the place or residence of the claimant. Any recovery under this Article shall be reduced by the amount of recovery from any other insurance guaranty or security association or its equivalent.
History
(1985 (Reg. Sess., 1986), c. 1013, s. 1; 2005-400, s. 7.)
Effect of Amendments. - Session Laws 2005-400, s. 7, effective January 1, 2006, inserted "or security" twice preceding "association or its equivalent."
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.