Senate amendment #1 makes the following changes to the 2nd edition. 

Amends GS 58-57-90, concerning credit property insurance. Modifies the definitions of single interest credit property and dual credit property to refer to personal property of the debtor instead of personal household property of the debtor. Defines personal property coverage to mean household furniture, furnishings, appliances designed for household use, and other personal property of the debtor, exclusive of an automobile, not used by the debtor in a business trade or profession. Makes conforming changes to the statute's title.

Amends GS 58-57-110, directing the Commissioner of Insurance to prescribe a minimum incurred loss ratio standard requirement to develop a premium rate reasonable in relation to the benefits provided by credit unemployment insurance coverage, to require the Commissioner to prescribe the minimum incurred loss ratio beginning September 1, 2018, and every third year thereafter (currently, required to prescribe the ratio each year). Adds that this minimum incurred loss ratio standard is effective on January 1 in the year after it is prescribed and must remain in effect until a new minimum incurred loss ratio standard requirement is prescribed.