North Carolina § 58-39-28 - Exception for title and mortgage guaranty insurance.

§ 58-39-28. Exception for title and mortgage guaranty insurance.

A title insurance company shall give notice of its insurance information practices under G.S. 58-39-25 and G.S. 58-39-26 only at the time the final policy of title insurance is issued and is not subject to any annual notice requirement thereafter. In the case of mortgage guaranty insurance, the notice required by G.S. 58-39-25 and G.S. 58-39-26 shall be provided at the time a master policy is issued and thereafter only if there is a material change in the insurer's policies and practices regarding the use or disclosure of personal information. History (2001-351, s. 6; 2003-262, s. 2(1).) Editor's Note. - Session Laws 2001-351, s. 14, provides: "This act becomes effective January 1, 2002, and applies to policies and contracts newly issued or renewed on and after that date. For the purposes of the application of this act to policies or contracts renewed on and after January 1, 2002, the renewal of a policy or contract is presumed to occur on each anniversary of the date on which coverage was first effective on the person or persons covered by the policy or contract." Sessions Laws 2003-262, s. 2(1), effective June 26, 2003, redesignated G.S. 58-39-1 through 58-39-76 as Part 1 of Article 39 of Chapter 58 , under the heading "Insurance Information and Privacy Protection."