NORTH CAROLINA GENERAL ASSEMBLY

1979 SESSION

CHAPTER 528

HOUSE BILL 1123

AN ACT TO AMEND G.S. 58-61.2 TO PERMIT SOLICITATION, NEGOTIATION OR PAYMENT OF PREMIUMS ON TRAVEL ACCIDENT INSURANCE THROUGH CREDIT CARD FACILITIES.

The General Assembly of North Carolina enacts:

Section 1.  G.S. 58-61.2 is hereby amended by adding the following new paragraph at the end thereof:

"Nothing in this Article shall prohibit any authorized insurer qualified to do business in the State of North Carolina pursuant to the provisions of this Chapter, and any representative of such insurer or insurance broker, from employing or availing itself of the facilities of any person, firm or corporation engaged in the business of extending credit through a credit card system for the limited purposes of soliciting for or negotiating any contract of travel accident insurance upon any life or risk within the State of North Carolina arising from travel, including but not limited to airline flight insurance, or accepting the payment of premiums thereon, through the use of any credit card facility. Nor shall anything in this Article prohibit any person, firm or corporation engaged in the business of extending credit through a credit card system on behalf of any insurer, its representative or any insurance broker, from utilizing his or its credit card facilities for the limited purposes of soliciting for or negotiating contracts of travel accident insurance, including but not limited to airline flight insurance, or accepting the payment of premiums thereon, from credit card holders or prospective credit card holders who reside in this State."

Sec. 2.  This act is effective upon ratification.

In the General Assembly read three times and ratified, this the 8th day of May, 1979.