{"data":{"id":"us-nc/n.c.-gen.-stat.-58-58-86","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 58-58-86","heading":"Insurable interest of charitable organizations.","body":"(a)\tIf an organization described in section 501(c)(3) of the Internal Revenue Code purchases or receives by assignment, before, on, or after the effective date of this section, life insurance on an insured who consents to the purchase or assignment, the organization is deemed to have an insurable interest in the insured person's life.\n(b)\tExpired effective October 1, 2007, pursuant to Session Laws 2004-124, s. 32F.2. (1991, c. 644, s. 2; 2004-124, ss. 32F.1, 32F.2.)","path":["Chapter 58. Insurance.","Article 58. Life Insurance and Viatical Settlements.","Part 3. Insurable Interests and Other Rights."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_58/GS_58-58-86.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:06:53Z","sha256":"c4d53eb3bf3aabbf9b2e3574ebdaf98b48f079316a8634b092a227c0535bc95d","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-58-58-85","next":"us-nc/n.c.-gen.-stat.-58-58-90"},"notice":"GroundRules: Original legal text. Not legal advice."}