N.C. Gen. Stat. § 58-21-22

Current through Session Law 2024-58
Section 58-21-22 - Limitation on amount of salary protection insurance

When salary protection insurance benefits are payable to an individual or an individual's beneficiary, the amount of salary protection insurance plus the amount of any in-force disability income insurance, if the individual can obtain disability insurance from an admitted insurer, shall not exceed seventy-five percent (75%) of the individual's annual earned income. As used in this section, "disability income insurance" has the same meaning as "accident and health insurance" in G.S. 58-7-15(3).

N.C. Gen. Stat. § 58-21-22

Added by 2011 N.C. Sess. Laws 370,s. 2, eff. 10/1/2011.