Requires the Department of Insurance (DOI) to study the implementation of deviations from the rates, rating plans, classifications, schedules, rules, and standards (consent to rate (CTR) deviations) as authorized by GS 58-36-30, and to include seven required pieces of information with respect to the 2023-2024 fiscal year, including the total number of policies subject to a CTR deviation, the criteria NC insurance companies use to determine which consumers are subject to a CTR deviation, and a summary of the demographics, including geographic information of those consumers charged a rate higher than the maximum permissible rate.  Requires DOI to conduct a detailed legal and actuarial analysis of the validity of the approved rate cap set by the Commissioner of Insurance (including any rate set by settlement of contested rate filings) on homeowners insurance rates when data regarding CTR deviations are not relied upon or included in determining the rate cap and whether such data should be included in determining the rate cap. Requires DOI to report its findings, including any recommended legislation, by July 1, 2025 to the specified NCGA committees. Appropriates $50,000 from the General Fund to DOI for the 2024-2025 fiscal year to conduct the study required by the act. Effective July 1, 2024.