§ 58-32-25. Contract conditions. - North Carolina Statutes

§58‑32‑25.  Contract conditions.

The Commission, in procuringand negotiating for the contract of insurance herein described shall include inany procurement document the following conditions, which are not subject tonegotiation and which are deemed a part of the said contract when entered into:

(1)        The master policyshall be issued in the name of the Commission and shall include allgovernmental entities for which coverage was requested in the procurementdocument.

(2)        The company orcompanies selected must name a servicing agent resident in North Carolina whoshall issue all certificates, collect all premiums, process all claims, and beresponsible for all processing, service and administration of the program ofinsurance provided. (1979, c. 325, s. 1; 1985, c. 666, s. 79.)