The term appears frequently in the statute at issue in such a way as to distinguish the 'named insured' from other covered persons. Accord Sheppard v. Allstate Ins. However, as indicated above, the policy clearly and unambiguously identified Harvey as the solitary insured. Both the insured and the insurer are presumed to know the terms, provisions, and conditions of the policy, and are bound by them. 79 N.C. App.
Defendant therefore fails to meet the definition of a class one insured.
Defendant also suggests he qualifies as a class two insured for UIM purposes under the policy because one of the vehicles listed thereon is co-owned by his wife, Evelyn. This contention is unfounded. Defendant therefore was not a class two insured under the policy. 112 N.C. App. Nationwide is affirmed.