North Carolina § 58-35-60 - Prohibited provisions in insurance premium finance agreements.
Full text of North Carolina North Carolina General Statutes § 58-35-60 — Prohibited provisions in insurance premium finance agreements., with citation guidance and answers to common questions.
§ 58-35-60. Prohibited provisions in insurance premium finance agreements.
No insurance premium finance agreement shall contain any provisions by which: In the absence of default of the insured, the insurance premium finance company holding the agreement may, arbitrarily and without reasonable cause, accelerate the maturity of any part or all of the amount owing thereunder; A power of attorney is given to confess judgment in this State; or The insured relieves the insurance agent or the insurance premium finance company holding the agreement from liability for any legal rights or remedies which the insured may otherwise have against him. History (1963, c. 1118.)
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 58-35-60
What does North Carolina General Statutes § 58-35-60 cover?
Section 58-35-60 ("Prohibited provisions in insurance premium finance agreements.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 58-35-60?
A common citation format is "North Carolina General Statutes § 58-35-60" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 58-35-60 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.