BarclaysAmerican/Leasing, Inc. v. North Carolina Insurance Guaranty Ass'n

WELLS, Judge.

Defendant advances two arguments challenging the trial court’s entry of summary judgment for plaintiff on its first claim for relief. First, defendant contends that plaintiff’s claim was not within the coverage of the residual value policy issued by Integrity. Second, defendant contends that the North Carolina Insurance Guaranty Association Act does not apply to the residual value policy in that such policy is “credit insurance,” expressly excluded from coverage under the Act. We find it unnecessary to reach this second question. For assuming arguendo that the residual value…