State Ex Rel. Commissioner of Insurance v. Integon Life Insurance

HEDRICK, Judge.

Credit life insurance is defined by statute to be “insurance upon the life of a debtor who may be indebted to any person, firm, or corporation extending credit to said debtor,” and “may include the granting of additional benefits in the event of total and permanent disability of the debtor.” G.S. 58-195.2. Credit accident and health insurance is defined by statute to be “insurance against death or personal injury by accident or by any specified kind or kinds of accident and insurance against sickness, ailment, or bodily injury of a debtor who may be indebted to any person,…