{"data":{"id":"us-nc/n.c.-gen.-stat.-32c-2-210","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 32C-2-210","heading":"Insurance and annuities.","body":"Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to insurance and annuities authorizes the agent to do all of the following:\n(1)\tContinue, pay the premium or make a contribution on, modify, exchange, rescind, release, or terminate a contract procured by or on behalf of the principal which insures or provides an annuity to either the principal or another person, whether or not the principal is a beneficiary under the contract.\n(2)\tProcure new, different, and additional contracts of insurance and annuities for the principal and the principal's spouse, children, and other dependents, and select the amount, type of insurance or annuity, and mode of payment.\n(3)\tPay the premium or make a contribution on, modify, exchange, rescind, release, or terminate a contract of insurance or annuity procured by the agent.\n(4)\tApply for and receive a loan secured by a contract of insurance or annuity.\n(5)\tSurrender and receive the cash surrender value on a contract of insurance or annuity.\n(6)\tExercise an election.\n(7)\tExercise investment powers available under a contract of insurance or annuity.\n(8)\tChange the manner of paying premiums on a contract of insurance or annuity.\n(9)\tChange or convert the type of insurance or annuity with respect to which the principal has or claims to have authority described in this section.\n(10)\tApply for and procure a benefit or assistance under a statute or regulation to guarantee or pay premiums of a contract of insurance on the life of the principal.\n(11)\tCollect, sell, assign, hypothecate, borrow against, or pledge the interest of the principal in a contract of insurance or annuity.\n(12)\tSelect the form and timing of the payment of proceeds from a contract of insurance or annuity.\n(13)\tPay, from proceeds or otherwise, compromise or contest, and apply for refunds in connection with a tax or assessment levied by a taxing authority with respect to a contract of insurance or annuity or its proceeds or liability accruing by reason of the tax or assessment.\n(14)\tChange the beneficiary to a state or other government entity to qualify the principal for medical assistance or other benefits notwithstanding G.S. 32C-2-201(a)(4) requiring an express grant of authority to change a beneficiary. (2017-153, s. 1.)","path":["Chapter 32C. North Carolina Uniform Power of Attorney Act.","Article 2. Authority."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_32C/GS_32C-2-210.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:00:22Z","sha256":"596cd7cb09f5a502f6586c01b57dff9a735967709e5e68fd6ac11ed7e9f00212","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-32c-2-209","next":"us-nc/n.c.-gen.-stat.-32c-2-211"},"notice":"GroundRules: Original legal text. Not legal advice."}