North Carolina General Statutes Chapter 58, Articles 1, 3 and 34 (first third)

What this document is

North Carolina General Statutes Chapter 58, Articles 1, 3 and 34 (first third) is a state statute published by North Carolina General Assembly, ncleg.gov (retrieved via an Internet Archive snapshot of the official site). It is one of the North Carolina documents that insurance license exam questions are written from, including north carolina life & health, north carolina property & casualty, north carolina personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• N.C. Gen. Stat. Chapter 58 § 58-3-10 (Statements in Application Not Warranties)

  “All statements or descriptions in any application for a policy of insurance, or in the policy itself, shall be deemed representations and not warranties, and a representation, unless material or fraudulent, will not prevent a recovery on the policy.”

• N.C. Gen. Stat. Chapter 58 § 58-1-1 (Title of the Chapter)

  “Articles 1 through 64 of this Chapter may be cited and shall be known as the Insurance Law.”

• N.C. Gen. Stat. Chapter 58 § 58-3-55 (Must Not Pay Death Benefits in Services)

  “No insurance company now doing business in this State or that may hereafter be authorized to do business in this State issuing contracts providing benefits in the event of death shall issue any contract providing for the payment of benefits in merchandise or service to be rendered to such...”

• N.C. Gen. Stat. Chapter 58 § 58-3-151 (Deemer provisions)

  “No entity subject to the Commissioner's jurisdiction and regulation shall be fined or penalized by the Commissioner for using forms, contracts, schedules of premiums, or other documents required to be filed and approved under this Chapter or for executing contracts required to be filed and approved...”

• N.C. Gen. Stat. Chapter 58 § 58-1-5(6) (Definitions - foreign company)

  “"Foreign company" means a company incorporated or organized under the laws of the United States or of any jurisdiction within the United States other than this State.”

• N.C. Gen. Stat. Chapter 58 § 58-3-100(d) (Insurance Company Licensing Provisions)

  “If a foreign insurance company's license is suspended or revoked, the Commissioner shall cause written notification of the suspension or revocation to be given to all of the company's insurance producers in this State. Until the Commissioner restores the company's license, the company shall not...”

• N.C. Gen. Stat. Chapter 58 § 58-3-160 (Sale of Company or Major Reorganization; License to Be Restricted)

  “The Commissioner shall restrict the license by prohibiting new or renewal insurance business transacted in this State by any licensed insurer that, in anticipation of a sale of the insurer to new owners or a major reorganization of the business or management of the insurer, transfers all of its...”

• N.C. Gen. Stat. Chapter 58 § 58-3-85 (Corporation or Association Maintaining Office in State Required to Qualify and Secure License)

  “Any corporation or voluntary association, other than an association of companies, the members of which are licensed in this State, issuing contracts of insurance and maintaining a principal, branch, or other office within this State, whether soliciting business in this State or in foreign states,...”

• N.C. Gen. Stat. Chapter 58 § 58-3-150(a) (Forms to be approved by Commissioner)

  “It is unlawful for any insurance company licensed and admitted to do business in this State to issue, sell, or dispose of any policy, contract, certificate, or certificate of insurance, or use applications in connection therewith, until the forms of the same have been submitted to and approved by...”

• N.C. Gen. Stat. Chapter 58 § 58-1-2 (Insurance secondary sources not authoritative)

  “A secondary source on insurance in any legal treatise, scholarly publication, textbook, or other explanatory text does not constitute the law or public policy of the State and is not authoritative if the secondary source purports to create, eliminate, expand, or restrict a cause of action, right,...”

• N.C. Gen. Stat. Chapter 58 § 58-3-149(c) (Certificates of insurance; prohibited certificates)

  “It is unlawful for any person to knowingly prepare, issue, request, or require a certificate of insurance that meets any of the following criteria: (1) Has not been filed with and approved by the Commissioner. (2) Contains any false or misleading information concerning the policy of insurance to...”

• N.C. Gen. Stat. Chapter 58 § 58-34-2(m) (Managing General Agents; Examination Authority)

  “The acts of an MGA are considered to be the acts of the insurer on whose behalf it is acting. An MGA may be examined by the Commissioner under G.S. 58-2-131 through G.S. 58-2-134 as if it were an insurer.”

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More North Carolina sources

• North Carolina General Statutes Chapter 14, Article 19 - False Pretenses and Cheats (G.S. 14-100 through 14-113)State statute
• North Carolina General Statutes Chapter 20, Article 13 - The Vehicle Financial Responsibility Act of 1957 (G.S. 20-309 through 20-319)State statute
• North Carolina General Statutes Chapter 20, Article 9A - Motor Vehicle Safety and Financial Responsibility Act of 1953 (G.S. 20-279.1 through 20-279.39)State statute
• North Carolina General Statutes Chapter 97 - Workers' Compensation Act, complete chapter, Articles 1 through 5 (163 sections, G.S. 97-1 through 97-200)State statute
• N.C. Gen. Stat. s. 58-63-15: Unfair methods of competition and deceptive acts definedState statute
• North Carolina General Statutes Chapter 58, Article 2 - Commissioner of Insurance (G.S. 58-2-1 through 58-2-255)State statute
• North Carolina General Statutes Chapter 58, Article 28 - Unauthorized Insurers (G.S. 58-28-1 through 58-28-45)State statute
• North Carolina Insurance Producer Licensing - N.C. Gen. Stat. Chapter 58, Article 33 (Licensing of Agents, Brokers, Limited Representatives, and Adjusters)State statute