§ 58-51-65. Industrial sick benefit insurance defined. - North Carolina Statutes

§58‑51‑65.  Industrial sick benefit insurance defined.

Industrial sick benefitinsurance is hereby defined as that form of insurance for which premiums arepayable weekly and which provides for the payment of a weekly indemnity onaccount of sickness or accident in addition to a benefit in case of death. Suchdeath benefit shall not exceed one hundred and fifty dollars ($150.00).  Thereshall be a provision for the payment of weekly premium, eighty percent (80%) ofwhich shall be allocated for the purchase of sick and accident coverages andtwenty percent (20%) thereof for the purchase of death benefits. (1945,c. 385.)