Bill Summary for H 221 (2019-2020)
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Summary date:
May 6 2019
Bill Information:
View NCGA Bill Details | 2019-2020 Session |
AN ACT TO AMEND THE INSURANCE RATE-MAKING LAWS, AS RECOMMENDED BY THE DEPARTMENT OF INSURANCE.Intro. by Setzer, Bumgardner, Corbin.
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Bill summary
House committee substitute to the 2nd edition makes the following changes.
Further amends GS 58-36-65, Classifications and Safe Driver Incentive Plan (Plan) for nonfleet private passenger motor vehicle insurance. Eliminates the proposed addition to subsection (k), and proposed subsection (k1), which allowed a subclassification plan to provide for premium surcharges for insureds having less than eight years' licensed driving experience, applicable to insureds receiving a first driver's license on or after October 1, 2019, and provided for a safe driver discount after three years.