North Carolina § 58-57-105 - Credit insurance on credit card balances.
Full text of North Carolina North Carolina General Statutes § 58-57-105 — Credit insurance on credit card balances., with citation guidance and answers to common questions.
§ 58-57-105. Credit insurance on credit card balances.
Credit card facilities may be used for the solicitation, negotiation, or payment of premiums for credit insurance on the unpaid balance of any credit card account pursuant to G.S. 58-3-145. Solicitation or negotiation for credit insurance on credit card account balances may not be made by unsolicited telephone calls or facsimile transmissions. If credit life insurance premiums are charged through a credit card facility or if credit life insurance premiums are payable on the then out-standing balances on revolving charge account contracts defined in G.S. 25A-11, a premium not exceeding seventy-four cents (74›) per one thousand dollars ($1,000) of insured indebtedness per month is authorized. The premium rate for joint credit life insurance may not exceed one and two-thirds (12/3) the permitted single credit life insurance premium rate. History (1993, c. 226, s. 9; c. 504, s. 46; 1999-365, s. 2.)
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 58-57-105
What does North Carolina General Statutes § 58-57-105 cover?
Section 58-57-105 ("Credit insurance on credit card balances.") 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 § 58-57-105?
A common citation format is "North Carolina General Statutes § 58-57-105" (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 § 58-57-105 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.