\nThis Article shall apply to all kinds of direct insurance, but shall not be applicable to:\n(1) Life, annuity, accident and health or disability insurance;\n(2) Mortgage guaranty, financial guaranty or other forms of insurance offering protection against investment risks;\n(3) Fidelity or surety bonds, or any other bonding obligations;\n(4) Credit insurance, vendors' single interest insurance, collateral protection insurance, or any similar insurance protecting the interests of a creditor arising out of a creditor-debtor transaction;\n(5) Insurance of warranties or service contracts;\n(6) Title insurance;\n(7) Ocean marine insurance;\n(8) Repealed by Session Laws 1991 (Regular Session, 1992), c. 802, s. 1.\n(9) Any transaction or combination of transactions between a person (including affiliates of such person) and an insurer (including affiliates of such insurer) which involves the transfer of investment or credit risk unaccompanied by transfer of insurance risk;\n(10) Insurance written on a retroactive basis to cover known or unknown losses which have resulted from an event with respect to which a claim has already been made, and the claim is known to the k;\n(10) Insurance written on a retroactive basis to cover known or unknown losses which have resulted from an event with respect to which a claim has already been made, and the claim is known to the insurer at the time the insurance is bound. (1971, c. 670, s. 1; 1989, c. 206, s. 1; 1991 (Reg. Sess., 1992), c. 802, s. 1.)
North Carolina Legal Code
§ 58-48-10
Source: https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/ByChapter/Chapter_58.html· Version 2026