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 beitemized and displayed to the policyholder at the time the policy is issued or renewed, and prescribes the form for that display. Applies to motor vehicle insurance policies issued or renewed on or after October 1, 2017.
SURCHARGE TRANSPARENCY.
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| View NCGA Bill Details(link is external) | 2017-2018 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 Meredith, Wade, Gunn.
Status: Ref To Com On Rules and Operations of the Senate (Senate Action) (Mar 1 2017)
Bill History:
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Tue, 28 Feb 2017 Senate: Filed(link is external)
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Wed, 1 Mar 2017 Senate: Passed 1st Reading(link is external)
S 137
Bill Summaries:
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Bill S 137 (2017-2018)Summary date: Feb 28 2017 - View Summary
View: All Summaries for Bill
Identical to H 317 filed on 3/9/17.