State statute · North Carolina

North Carolina General Statutes Chapter 58, Articles 34 through 58 (second third)

Publisher: North Carolina General Assembly, ncleg.gov
Edition: North Carolina General Statutes Chapter 58, official text as captured by the Internet...
Last checked: 2026-08-31
Status: US state statute

Edition and licensing notes

Publisher. North Carolina General Assembly, ncleg.gov (retrieved via an Internet Archive snapshot of the official site)

Edition. North Carolina General Statutes Chapter 58, official text as captured by the Internet Archive

Status. US state statute; public domain.

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What this document is

North Carolina General Statutes Chapter 58, Articles 34 through 58 (second 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 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 § 58-58-40 (Misrepresentations of Policy Forbidden)
“Nor shall any such company, agent, or broker make any misrepresentation to any person insured in said company or in any other insurer or governmental agency for the purpose of inducing or tending to induce such person to lapse, forfeit, or surrender his said insurance.”
N.C. Gen. Stat. Chapter 58 § 58-58-30 (Soliciting Agent Represents the Company)
“A person who solicits an application for insurance upon the life of another, in any controversy relating thereto between the insured or his beneficiary and the company issuing a policy upon such application, is the agent of the company and not of the insured.”
N.C. Gen. Stat. Chapter 58 § 58-58-205(10) (Definition of Viatical Settlement Broker)
“"Viatical settlement broker" or "broker" means a person that on behalf of a viator and for a fee, commission, or other valuable consideration offers or attempts to negotiate viatical settlement contracts between a viator and one or more viatical settlement providers. The term does not include an...”
N.C. Gen. Stat. Chapter 58 § 58-58-210(f) (Investigation and Findings Required Before License Issuance)
“(f) Upon the filing of an application and the payment of the license fee, the Commissioner shall investigate each applicant and issue a license if the Commissioner finds that the applicant: (1) If a provider, has provided a detailed plan of operation. (2) Is competent and trustworthy and intends to...”
N.C. Gen. Stat. Chapter 58 § 58-58-210(e) (Scope of an Entity License)
“A license issued to a legal entity authorizes all partners, officers, members, and designated employees to act as providers or brokers, as applicable, under the license; and all those persons shall be named in the application and any supplements to the application.”
N.C. Gen. Stat. Chapter 58 § 58-58-210(d) (Viatical Settlement License Requirements)
“The applicant shall provide information on forms required by the Commissioner. The Commissioner may require the applicant to fully disclose the identity of all stockholders, partners, officers, members, and employees; and the Commissioner may refuse to issue a license in the name of a legal entity...”
N.C. Gen. Stat. Chapter 58 § 58-58-210(c) (License Renewal and Expiration for Nonpayment)
“Licenses may be renewed from year to year on the anniversary date upon payment of the annual renewal fee of five hundred dollars ($500.00). Failure to pay the fees by the renewal date results in expiration of the license.”
N.C. Gen. Stat. Chapter 58 § 58-58-215 (License Revocation and Denial)
“The Commissioner may suspend, revoke, or refuse to issue or renew the license of a provider or broker if the Commissioner finds that: (1) There was any material misrepresentation in the application for the license; (2) The licensee or any officer, partner, member, or key management personnel has...”
N.C. Gen. Stat. Chapter 58 § 58-34-15(a)(1) (Grounds for Disapproval)
“(a) The Commissioner must disapprove any management contract or custodial agreement filed under G.S. 58-34-10 if, at any time, the Commissioner finds: (1) That the service or management charges are based upon criteria unrelated either to the managed insurer's profits or to the reasonable customary...”
N.C. Gen. Stat. Chapter 58 § 58-58-210(g) (Nonresident Applicants and Service of Process)
“The Commissioner shall not issue a license to a nonresident applicant unless a written designation of an agent for service of process is filed and maintained with the Commissioner or the applicant has filed with the Commissioner the applicant's written irrevocable consent that any action against...”
N.C. Gen. Stat. Chapter 58 § 58-58-210(a) (Viatical Settlement License Requirements)
“No person shall operate as a provider or broker without first obtaining a license from the insurance regulator of the state of residence of the viator.”
N.C. Gen. Stat. § 58-58-110(a) (Interest payments on death benefits)
“(a) Each insurer admitted to transact insurance in this State which, without the written consent of the beneficiary, fails or refuses to pay the death proceeds or death benefits in accordance with the terms of any policy providing a death benefit issued by it in this State within 30 days after...”

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Questions about this source

North Carolina General Statutes Chapter 58, Articles 34 through 58 (second third) is a state statute published by North Carolina General Assembly, ncleg.gov (retrieved via an Internet Archive snapshot of the official site). Edition: North Carolina General Statutes Chapter 58, official text as captured by the Internet Archive.

No. This page summarizes the document and links to the official version. Always rely on the text published by North Carolina General Assembly, ncleg.gov (retrieved via an Internet Archive snapshot of the official site) for the current law.

Practice questions for North Carolina Life & Health cite this document.

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