North Carolina § 58-58-1 - Definitions; requisites of contract.
Full text of North Carolina North Carolina General Statutes § 58-58-1 — Definitions; requisites of contract., with citation guidance and answers to common questions.
§ 58-58-1. Definitions; requisites of contract.
All corporations or associations doing business in this State, under any charter or statute of this or any other state, involving the payment of money or other thing of value to families or representatives of policy and certificate holders or members, conditioned upon the continuance or cessation of human life, or involving an insurance, guaranty, contract, or pledge for the payment of endowments or annuities, or who employ agents to solicit such business, are life insurance companies, in all respects subject to the laws herein made and provided for the government of life insurance companies, and shall not make any such insurance, guaranty, contract, or pledge in this State with any citizen, or resident thereof, which does not distinctly state the amount of benefits payable, the manner of payment, the consideration therefor and such other provisions as the Commissioner may require. History (1899, c. 54, s. 55; Rev., s. 4773; C.S., s. 6455; 1945, c. 379.) Editor's Note. - Session Laws 2001-436, s. 1, effective April 1, 2002, rewrote the heading to Article 58, which formerly read: "General Regulations of Business Life Insurance." Session Laws 2001-436, s. 2, effective April 1, 2002, divided Article 58 into Parts 1 to 4, assigning a Part head to each Part, with G.S. 58-58-1 to 58-58-40 in Part 1, G.S. 58-58-45 to 58-58-65 in Part 2, G.S. 58-58-70 to 58-58-120 in Part 3, and G.S. 58-58-125 to 58-58-170 in Part 4, reserving G.S. 58-58-175 to 58-58-195 for future codification purposes.
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 58-58-1
What does North Carolina General Statutes § 58-58-1 cover?
Section 58-58-1 ("Definitions; requisites of contract.") 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 § 58-58-1?
A common citation format is "North Carolina General Statutes § 58-58-1" (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 § 58-58-1 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.