{"data":{"id":"us-nc/n.c.-gen.-stat.-58-57-105","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 58-57-105","heading":"Credit insurance on credit card balances.","body":"(a)\tCredit 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.\n(b)\tIf credit life insurance premiums are charged through a credit card facility or if credit life insurance premiums are payable on the then outstanding 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 (1 2/3) the permitted single credit life insurance premium rate. (1993, c. 226, s. 9; c. 504, s. 46; 1999-365, s. 2.)","path":["Chapter 58. Insurance.","Article 57. Regulation of Credit Insurance."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_58/GS_58-57-105.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:06:53Z","sha256":"886a49509af4717efb60e8d442d91b72adff7b5750f9ee0efa4d70f2b5c51fb3","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-58-57-100","next":"us-nc/n.c.-gen.-stat.-58-57-107"},"notice":"GroundRules: Original legal text. Not legal advice."}