§ 58-58-100. Minors may enter into insurance or annuity contracts and have full rights, powers and privileges thereunder. - North Carolina Statutes

§58‑58‑100.  Minors may enter into insurance or annuity contractsand have full rights, powers and privileges thereunder.

All minors in North Carolinaof the age of 15 years and upwards shall have full power and authority to makecontracts of insurance or annuity with any life insurance company authorized todo business in the State of North Carolina, either domestic or foreign, and toexercise all the powers, rights, and privileges of ownership conferred uponthem under the terms of any and all such contracts applied for by and issued tothem, and with full power to surrender, assign, modify, pledge, or change suchcontracts, and to receive any dividends thereon and generally to have the fullpower and authority in the premises that persons 18 years and upwards could andwould have relative to any and all such contracts. (1945, c. 379; 1947, c. 721;1971, c. 1231, s. 1.)