Bill Summary for H 182 (2015-2016)

Summary date: 

May 12 2015

Bill Information:

View NCGA Bill Details2015-2016 Session
House Bill 182 (Public) Filed Tuesday, March 10, 2015
AN ACT TO INCREASE THE FAIRNESS AND EQUITY OF PROPERTY INSURANCE RATE MAKING IN NORTH CAROLINA BY REQUIRING THAT CERTAIN PROPERTY INSURANCE DATA BE MADE AVAILABLE TO THE PUBLIC; BY PROVIDING THE NORTH CAROLINA INSURANCE UNDERWRITING ASSOCIATION THE AUTHORITY TO HAVE ISSUED TAX-EXEMPT BONDS TO COVER LOSS-RELATED LIABILITIES; BY REFORMING CONSENT TO RATE PRACTICES; BY REQUIRING THAT CATASTROPHE MODELING USED FOR PROPERTY RATE-MAKING PURPOSES MORE ACCURATELY REFLECT POTENTIAL IMPACTS IN NORTH CAROLINA; AND BY CREATING THE JOINT LEGISLATIVE STUDY COMMITTEE ON PROPERTY INSURANCE RATE MAKING.
Intro. by Millis, Lewis, Hager.

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Bill summary

House amendment makes the following changes to the 3rd edition.

Makes a technical changes, correcting the stated number of members of the Joint Legislative Study Committee on Property Insurance Rate Making to 16, reflecting already listed committee membership. 

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