11 NCAC 12 .0406. GROUP LIFE INSURANCE: COLLECTION FEE

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No insurance company licensed in North Carolina will be permitted to pay a collection fee to any person for the collection of premiums under group life insurance contracts, salary savings plans, or any other plan of group life insurance who does not devote a majority of his or her time to the life insurance business and who is not licensed by this department.

History Note: Authority G.S. 58-2-40; 58-33-25(j); 58-33-85;

Eff. February 1, 1976;

Readopted Eff. September 26, 1978.

                    
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