Graves v. ABC Roofing Co.

MARTIN (Robert M.), Judge.

We need only consider the appellant’s second assignment of error that TIFCO and Travelers failed to effectively cancel the policy so that Travelers should be the carrier on the risk. We agree with the appellant.

N.C. Gen. Stat. § 58-60 requires:

*254When an insurance premium finance agreement contains a power of attorney or other authority enabling the insurance premium finance company to cancel any insurance contract or contracts listed in the agreement, the insurance contract or contracts shall not be cancelled unless such cancellation is effectuated in accordance with…