House amendment to the 2nd edition makes a clarifying change.
SURCHARGE TRANSPARENCY.
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| View NCGA Bill Details | 2015-2016 Session |
AN ACT TO PROVIDE THAT NORTH CAROLINA AUTO INSURANCE SURCHARGES IMPOSED TO SUBSIDIZE THE LOSSES OF THE NORTH CAROLINA MOTOR VEHICLE REINSURANCE FACILITY BE CLEARLY COMMUNICATED TO POLICYHOLDERS.Intro. by Collins.
Status: Re-ref Com On Insurance (Senate Action) (Sep 28 2015)
Bill History:
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Wed, 1 Apr 2015 House: Filed
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Thu, 2 Apr 2015 House: Passed 1st Reading
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Thu, 2 Apr 2015 House: Ref To Com On Insurance
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Tue, 28 Apr 2015 House: Withdrawn From Com
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Tue, 28 Apr 2015 House: Re-ref Com On Rules, Calendar, and Operations of the House
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Wed, 29 Apr 2015 House: Reptd Fav Com Substitute
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Wed, 29 Apr 2015 House: Cal Pursuant Rule 36(b)
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Wed, 29 Apr 2015 House: Added to Calendar
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Wed, 29 Apr 2015 House: Amend Adopted A1
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Wed, 29 Apr 2015 House: Passed 2nd Reading
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Wed, 29 Apr 2015 House: Passed 3rd Reading
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Wed, 29 Apr 2015 House: Ordered Engrossed
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Thu, 30 Apr 2015 House: Regular Message Sent To Senate
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Thu, 30 Apr 2015 Senate: Regular Message Received From House
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Thu, 30 Apr 2015 Senate: Passed 1st Reading
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Thu, 30 Apr 2015 Senate: Ref To Com On Ways & Means
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Mon, 28 Sep 2015 Senate: Withdrawn From Com
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Mon, 28 Sep 2015 Senate: Re-ref Com On Insurance
H 496
Bill Summaries:
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Bill H 496 (2015-2016)Summary date: Apr 29 2015 - View Summary
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Bill H 496 (2015-2016)Summary date: Apr 29 2015 - View Summary
House committee substitute makes the following changes to the 1st edition:
Amends GS 58-37-40(f) concerning certain North Carolina auto insurance surcharges, providing that such surcharges imposed to subsidize the losses of the NC Motor Vehicle Reinsurance Facility must be itemized and displayed to the policyholder at the time of policy issuance and renewal on the declaration page or renewal notice approved by the Commissioner of Insurance, appearing below the coverage and premium information in the exact language as specified.
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Bill H 496 (2015-2016)Summary date: Apr 2 2015 - View Summary
Identical to S 428 filed on 3/25/15.
Amends GS 58-37-40(f) concerning certain NC auto insurance surcharges, providing that such surcharges imposed to subsidize the losses of the NC Motor Vehicle Reinsurance Facility must be itemized and displayed to the policyholder in substantially the same manner as the applicable premium charge is displayed in communications with the policyholder.
Effective when the act becomes law, applying to motor vehicle insurance policies issued or renewed on or after January 1, 2017.
View: All Summaries for Bill