20 NCAC 02M .0308        REFUNDS

(a)  No refund of contributions or interest shall be made if coverage is cancelled by reason of non‑payment of contributions or if written notice of cancellation is received 90 or more days after the effective date of coverage.

(b)  Refund of contributions without interest may be made if coverage is cancelled by written notice of cancellation received prior to 90 days after the effective date of coverage.

 

History Note:        Authority G.S. 120‑4.10; 120‑4.27; 128‑27(l2); 128‑28(g); 135‑5(l);

135‑6(f); 135‑64(g);

Eff. February 1, 1989.