N.C. Gen. Stat. § 58-58-147

Current through Session Law 2024-56

Section 58-58-147 - Surrender fees on death benefits

No authorized insurer shall deliver or issue for delivery in this State any deferred annuity contract that contains a provision that reduces the death benefit of the contract by a surrender fee when death occurs during the surrender period.

N.C. Gen. Stat. § 58-58-147

Added by 2007 N.C. Sess. Laws 298,s. 1.2, eff. 1/1/2008.