Senate committee substitute makes the following changes to the 1st edition. 

Changes the short and long titles. 

Amends GS 58-89A-60(d) to remove the requirement of a recent photograph from applications to the Commissioner of Insurance for professional employer services licensure.

Amends GS 58-5-55(a) to require domestic security deposits from nonstock insurance companies (current law refers only to stock insurance companies).

Amends GS 58-64-80 to update a reference to the North Carolina Association of Nonprofit Homes for the Aging with reference to LeadingAge North Carolina.  

Amends GS 58-50-82 to require insurers in an expedited external review to provide requested information within one day (current law is one business day) after the Commissioner makes a request. This amendment become effective on January 1, 2016. 

Amends GS 58-3-50, a requirement that companies do business in their own names, to allow for insurance policies issued by more than one company and to require clear identification of the company responsible for each coverage.  

Creates new subsection in GS 58-41-20, imposing certain conditions on an insurer's refusal to renew a policy, to clarify that delivery of a policy superseding a previously issued policy is not a refusal to renew when it is delivered by specified entities.

Amends GS 58-50-110 to conform the definition of small employer to the definition under federal law, effective January 1, 2016. 

Amends SL 2015-146 to clarify that all of Part I, making insurance holding company system regulatory act changes, is effective July 1, 2015. Makes Section 3, which concerns corporate governance requirements for risk retention groups, effective when the act becomes law.

Amends SL 2015-101 to make the following sections effective January 1, 2017, instead of when the act becomes law: (1) Section 4, amending GS 58-21-65; (2) Section 5, amending GS 58-21-70; and (3) Section 6, amending GS 58-21-85.

Makes organizational changes to the bill.