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Lender may require nondiscriminatory approval of insurer.

G.S. 75-18
in effect
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§ 75-18.  Lender may require nondiscriminatory approval of insurer. Although the lender and other persons enumerated in G.S. 75-17 may not specify or designate as a condition precedent a particular  insurance company or agent, those persons, firms, or corporations engaged in lending money may approve the insurer selected by the borrower on a reasonable, nondiscriminatory basis, related to the solvency of the company and the type and provisions of policy coverage. (1969, c. 1032, s. 2.)
Source: North Carolina General Assembly (ncleg.gov)URL: https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_75/GS_75-18.htmlFetched: 10/19/2026

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