§ 20-279.20. Certificate furnished by nonresident as proof. - North Carolina Statutes

§ 20‑279.20. Certificate furnished by nonresident as proof.

(a)        The nonresidentowner of a motor vehicle not registered in this State may give proof offinancial responsibility by filing with the Commissioner a written certificateor certificates of an insurance carrier authorized to transact business in thestate in which the motor vehicle or motor vehicles described in suchcertificate is registered, or if such nonresident does not own a motor vehicle,then in the state in which the insured resides, provided such certificateotherwise conforms to the provisions of this Article, and the Commissionershall accept the same upon condition that said insurance carrier complies withthe following provisions with respect to the policies so certified:

(1)        Said insurancecarrier shall execute a power of attorney authorizing the Commissioner toaccept service on its behalf of notice or process in any action arising out ofa motor vehicle accident in this State; and

(2)        Said insurancecarrier shall agree in writing that such policies shall be deemed to conformwith the laws of this State relating to the terms of motor vehicle liabilitypolicies issued herein.

(b)        If any insurancecarrier not authorized to transact business in this State, which has qualifiedto furnish proof of financial responsibility, defaults in any said undertakingsor agreements, the Commissioner shall not thereafter accept as proof anycertificate of said carrier whether theretofore filed or thereafter tendered asproof, so long as such default continues.

(c)        The Commissionermay require that certificates and powers filed pursuant to this section be onforms approved by the Commissioner. (1953, c. 1300, s. 20; 1955,c. 1152, s. 17.)