North Carolina General Statutes § 58-3-147 Credit card guaranty or collateral prohibited

No insurer, representative of any insurer, or insurance broker shall enter into any arrangement that involves the sale of insurance or the pledging of existing insurance as guaranty or collateral for the issuance of any credit card. (1993, c. 226, s. 9, c. 504, s. 40.)

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Last modified: March 23, 2014