{"data":{"id":"us-nc/n.c.-gen.-stat.-58-60-95","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 58-60-95","heading":"Purpose; intent; and scope.","body":"(a)\tThe purpose of this Part is to establish standards that ensure meaningful information is provided to the purchasers of small face amount policies.\n(b)\tThis Part applies to any life insurance policy or certificate with an initial face amount of fifteen thousand dollars ($15,000) or less.\n(c)\tThis Part does not apply to:\n(1)\tVariable life insurance.\n(2)\tIndividual and group annuity contracts.\n(3)\tCredit life insurance.\n(4)\tGroup or individual policies of life insurance issued to members of an employer group or other permitted group where:\na.\tEvery plan of coverage was selected by the employer or other group representative;\nb.\tSome portion of the premium is paid by the group or through payroll deduction; and\nc.\tGroup underwriting or simplified underwriting is used.\n(5)\tPolicies and certificates where an illustration has been provided pursuant to the requirements of Title 11, Chapter 4, Section .0500 of the North Carolina Administrative Code. (2005-234, s. 1.10.)","path":["Chapter 58. Insurance.","Article 60. Standards of Disclosure for Annuities and Life Insurance.","Part 2. Regulation of Small Face Amount Life Insurance Solicitation."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_58/GS_58-60-95.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:06:53Z","sha256":"763502e137d6367a517e0d4df574663f5bad5b40a666f806232e57a1f8ca6aad","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-58-60-90","next":"us-nc/n.c.-gen.-stat.-58-60-100"},"notice":"GroundRules: Original legal text. Not legal advice."}