Insurance – Mortgage Accidental Death – Mortgage Servicing Transfer – Nonpayment of Premiums

Insurance – Mortgage Accidental Death – Mortgage Servicing Transfer – Nonpayment of Premiums (access required)

McPherson v. Minnesota Life Insurance Co. Since plaintiff and her late husband paid their mortgage accidental death insurance premiums monthly as part of their mortgage payments, they were not entitled to the notice required by G.S. § 58-58-120 when the policy was cancelled. That statute only applies to policies for which premiums are payable at intervals greater than one month.

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