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Lesson 11: NC Statutes & Regulations Pertinent to Life Insurance Questions and Answers Graded A+
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Lesson 11: NC Statutes & Regulations Pertinent to Life Insurance Questions and Answers Graded A+ 
Contract of Insurance 
Agreement by which the insurer is bound to pay money or its equivalent, or do some act of value to the insured upon and as an indemnity or reimbursement for the destruction, loss, or injury of something in which the party has an interest. 
 
 
Commissioner 
Commissioner of Insurance of NC or authorized designee 
-Heads state Department of Insurance 
-Responsible for fair ratem...
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