North Carolina § 75-18 Lender may require nondiscriminatory approval of insurer

North Carolina Statutes

§ 75-18 — Lender may require nondiscriminatory approval of insurer

North Carolina § 75-18

Ch. 75Monopolies, Trusts and Consumer Protection

Art. 1General Provisions

This text of North Carolina § 75-18 (Lender may require nondiscriminatory approval of insurer) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.C. Gen. Stat. § 75-18 (2026).

Text

Although the lender and other persons enumerated in G.S. 75-17 may not specify or designate as a condition precedent a particular insurance company or agent, those persons, firms, or corporations engaged in lending money may approve the insurer selected by the borrower on a reasonable, nondiscriminatory basis, related to the solvency of the company and the type and provisions of policy coverage. (1969, c. 1032, s. 2.)

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Although the lender and other persons enumerated in G.S. 75-17 may not specify or designate as a condition precedent a particular insurance company or agent, those persons, firms, or corporations engaged in lending money may approve the insurer selected by the borrower on a reasonable, nondiscriminatory basis, related to the solvency of the company and the type and provisions of policy coverage. (1969, c. 1032, s. 2.)