§ 97-98. Policy must contain agreement promptly to pay benefits; continuance of obligation of insurer in event of default. - North Carolina Statutes

§97‑98.  Policy must contain agreement promptly to pay benefits;continuance of obligation of insurer in event of default.

No policy of insurance againstliability arising under this Article shall be issued unless it contains theagreement of the insurer that it will promptly pay to the person entitled tosame all benefits conferred by this Article, and all installments of thecompensation that may be awarded or agreed upon, and that the obligation shallnot be affected by any default of the insured after the injury or by anydefault in giving notice required by such policy or otherwise. Such agreementshall be construed to be a direct promise by the insurer to the person entitledto compensation enforceable in his name. (1929, c. 120, s. 71.)