INSURANCE CHANGES TO PAYMENTS & GROUP LIFE.

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View NCGA Bill Details2011-2012 Session
House Bill 373 (Public) Filed Wednesday, March 16, 2011
TO FACILITATE THE PAYMENT OF INSURANCE PREMIUMS USING CREDIT CARDS AND TO PERMIT THE COMMISSIONER OF INSURANCE TO APPROVE NONTRADITIONAL GROUPS FOR GROUP LIFE INSURANCE.
Intro. by Dockham.

Status: Ch. SL 2011-215 (House Action) (Jun 23 2011)

Bill History:

H 373/S.L. 2011-215

Bill Summaries:

  • Summary date: Jun 30 2011 - View Summary

    AN ACT TO AUTHORIZE THE PAYMENT OF INSURANCE PREMIUMS USING DEBIT CARDS, TO FACILITATE THE PAYMENT OF INSURANCE PREMIUMS USING CREDIT AND DEBIT CARDS, AND TO PERMIT THE COMMISSIONER OF INSURANCE TO APPROVE NONTRADITIONAL GROUPS FOR GROUP LIFE INSURANCE. Summarized in Daily Bulletin 3/16/11 and 5/31/11. Enacted June 23, 2011. Effective October 1, 2011.


  • Summary date: May 31 2011 - View Summary

    House committee substitute makes the following changes to 1st edition. Rewrites GS 58-3-145 to clarify that an insurer, agent or broker may accept payment of an insurance premium by credit card or debit card so long as the insurer complies with the prohibition against unfair discrimination contained in GS 58-63-15(7), and the insurer pays the fees charged by the credit card company or debit card issuer for the payment of premiums by credit card or debit card. Makes a clarifying change, and a technical change.
    Makes conforming changes to the bill title.


  • Summary date: Mar 16 2011 - View Summary

    Amends GS 58-3-145(1) to allow an insurer, agent, or broker to accept an insurance premium payment by credit card if the insurer complies with the prohibition against unfair discrimination under GS 58-3-120 (clarifies current law) and satisfies other existing conditions.
    Enacts subsection (6) to GS 58-58-135, which defines group life insurance, to add group policies that satisfy the following three requirements. (1) One of the following descriptions is true about the policy: (a) the Commissioner of Insurance finds that issuance of the group policy is not contrary to the public’s best interests, would result in economies of acquisition or administration, and has a reasonable benefit/premium balance, or (b) another state has approved the policy under requirements substantially similar to those previously listed and the Commissioner has not disapproved the policy. (2) Requires the policy premium be paid from either the policyholder’s funds or funds contributed by the covered persons, or both. (3) Allows an insurer to exclude or limit coverage on any person due to unsatisfactory individual insurability. Makes a conforming change.
    Effective October 1, 2011.