§ 58-38-40. Construction. - North Carolina Statutes

§58‑38‑40.  Construction.

(a)        The provisions ofthis Article will not operate to relieve any insurer from any provision of lawregulating the contents or provisions of insurance policies or contracts noroperate to reduce an insured's or beneficiary's rights or protection grantedunder any statute or provision of law.

(b)        The provisions ofthis Article shall not be construed to mandate, require, or allow alteration ofthe legal effect of any provision of any insurance policy or contract.

(c)        In any action broughtby a policyholder or claimant arising out of a policy approved pursuant to thisArticle, the policyholder or claimant may base such an action on either or both(i) the substantive language prescribed by such other statute or provision oflaw or (ii) the wording of the approved policy. (1979, c. 755, s. 1.)