AN ACT TO REPEAL OUTDATED AND UNNECESSARY INSURANCE REPORTING REQUIREMENTS, AS RECOMMENDED BY THE DEPARTMENT OF INSURANCE.
As the title indicates.
Repeals the following General Statutes: 58-2-170, 58-3-191(a) and(b1), 58-67-140(a)(7), 58-36-3(c), 58-40-130(e), and 58-50-95 concerning specified insurance reports.
Amends GS 58-2-165(b) to provide that the Commissioner of Insurance (Commissioner) may require statements under thisstatute (was, alsounder GS 58-2-170) and GS 58-2-190 to be filed in a format that can be read by electronic data processing equipment within specified limitations.
Applies to reports otherwise required to be filed on or after July 1, 2015.
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