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Current as of January 01, 2023 | Updated by Findlaw Staff
When salary protection insurance benefits are payable to an individual or an individual's beneficiary, the amount of salary protection insurance plus the amount of any in-force disability income insurance, if the individual can obtain disability insurance from an admitted insurer, shall not exceed seventy-five percent (75%) of the individual's annual earned income. As used in this section, “disability income insurance” has the same meaning as “accident and health insurance” in G.S. 58-7-15(3).
Cite this article: FindLaw.com - North Carolina General Statutes Chapter 58. Insurance § 58-21-22. Limitation on amount of salary protection insurance - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-58-insurance/nc-gen-st-sect-58-21-22/
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