§ 97-99. Law written into each insurance policy; form of policy to be approved by Commissioner of Insurance; single catastrophe hazards. - North Carolina Statutes

§ 97‑99.  Law writteninto each insurance policy; form of policy to be approved by Commissioner ofInsurance; single catastrophe hazards.

(a)        Every policy forthe insurance of the compensation in this Article, or against liabilitytherefor, shall be deemed to be made subject to the provisions of this Article.No corporation, association or organization shall enter into any such policy ofinsurance unless its form has been approved by the Commissioner of Insurance.

(b)        This Article shallnot apply to policies of insurance against loss from explosion of boilers orflywheels or other similar single catastrophe hazards: Provided, that nothingin this Article relieves an employer from liability for injury or death of anemployee as a result of such an explosion or catastrophe. (1929, c. 120, s. 72; 1943,c. 170; 1945, c. 381, s. 1; 1959, c. 863, s. 5; 1967, c. 1218; 1993, c. 504, s.31; 2001‑241, s. 1.)