Bill Summary for H 356 (2025-2026)
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Summary date:
May 6 2025
Bill Information:
| View NCGA Bill Details | 2025-2026 Session |
AN ACT TO MAKE TECHNICAL CORRECTIONS TO REMOVE REFERENCES TO PRELICENSING EDUCATION, TO PROHIBIT MORTGAGE LICENSEES FROM REQUIRING RECONSTRUCTION COST ESTIMATES AS A CONDITION OF ISSUING A LOAN, TO DELAY THE EFFECTIVE DATE FOR INEXPERIENCED OPERATOR CONTINUOUS COVERAGE REQUIREMENTS, TO AMEND REPORTING REQUIREMENTS FOR INEXPERIENCED DRIVERS, TO REQUIRE ACCEPTANCE OF CERTIFICATES OF INSURANCE AS PROOF OF INSURANCE, TO UPDATE PROVISIONS REGARDING PEER-TO-PEER VEHICLE SHARING, TO CREATE THE NORTH CAROLINA MOTOR VEHICLE GLASS ACT, TO UPDATE THE NORTH CAROLINA PROFESSIONAL EMPLOYER ORGANIZATION ACT, TO ALLOW CASH CONVENIENCE FEES UNDER ONE DOLLAR WHEN AN INSURANCE PREMIUM IS BEING PAID IN CASH, TO MAKE VARIOUS CHANGES TO BAIL BONDSMEN REQUIREMENTS, AND TO REQUIRE BEACH PROPERTY INSURANCE COVERAGE FOR HABITATIONAL PROPERTY CONTENTS TO BE SET IN ACCORDANCE WITH STATE APPROVED RATES.Intro. by Humphrey.
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Bill summary
House committee substitute to the 1st edition makes the following changes.
Makes new GS 58-63-15(8)d, which includes as a method of competition and unfair and deceptive acts or practices in the business of insurance, when an insurer, producer, or representative of either offers or provides insurance as an inducement to the purchase of another policy or otherwise use the words "free," "no cost," or words of similar import about the policy sale or purchase, in an advertisement, effective on January 1, 2027, instead of when the act becomes law.