North Carolina § 54-109 - 75. Insurance for members.

§ 54-109. 75. Insurance for members.

A credit union may purchase or make available insurance for its members in amounts related to their respective ages, shares, deposits or loan balances or to any combination of them. A credit union may enter into cooperative marketing arrangements to facilitate its members' voluntary purchase of insurance including, but not by way of limitation, life insurance, disability insurance, accident and health insurance, property insurance, liability insurance, and legal expense insurance. Insurance may be provided through any insurance company or through any subsidiary insurance company owned by the credit union. History (1975, c. 538, s. 1; 2011-221, s. 2.) Editor's Note. - Session Laws 1975, c. 538, s. 1, effective July 1, 1975, repealed Articles 9 through 14 of this Chapter and enacted in their place new Articles designated Articles 9 through 14A in the act, which have been codified herein as Articles 14A through 14L. Where appropriate, the historical citations to the repealed sections have been added to corresponding sections in the new Articles. Effect of Amendments. - Session Laws 2011-221, s. 2, effective October 1, 2011, added subsection (c).