Creates new GS Chapter 66, Article 52 (Financial Responsibility for Certain Motocross Facilities). Establishes definitions for the article, including “motocross facility,” a facility with one or more courses and related support facilities featuring natural or man-made obstacles used to conduct races or skills competitions for ATVs or off-road motorcycles. Requires that motocross facilities carry liability insurance of at least $1,000,000 per occurrence and $2,000,000 in the aggregate for injury to persons or property from the operation of the facility. Requires the operator to provide proof of this liability insurance to the Commissioner of Insurance upon request, and authorizes the Commissioner to prevent operation of the motocross facility if they do not comply. Requires the insurance policy to be issued by an acceptable insurer with at least a 30-day notice to the insured person before any cancellation or nonrenewal of the policy.

Provides exceptions for motocross facilities on private land that are not open to the public and for which no fee is charged, and facilities owned by state or local government units.

Directs the Commissioner of Insurance to adopt rules implementing Article 52.

The rulemaking authority is effective when the act becomes law, and the remainder of the act is effective July 1, 2025.