§ 75-18. Lender may require nondiscriminatory approval of insurer. - North Carolina Statutes

§75‑18.  Lender may require nondiscriminatory approval of insurer.

Although the lender and otherpersons enumerated in G.S. 75‑17 may not specify or designate as acondition precedent a particular  insurance company or agent, those persons,firms, or corporations engaged in lending money may approve the insurerselected by the borrower on a reasonable, nondiscriminatory basis, related tothe solvency of the company and the type and provisions of policy coverage. (1969,c. 1032, s. 2.)