§ 75-18. Lender may require nondiscriminatory approval of insurer.
§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.)