Bill Summary for H 473 (2013-2014)

Summary date: 

May 14 2013
S.L. 2013-116

Bill Information:

View NCGA Bill Details2013-2014 Session
House Bill 473 (Public) Filed Thursday, March 28, 2013
A BILL TO BE ENTITLED AN ACT TO ENACT THE NORTH CAROLINA CAPTIVE INSURANCE ACT.
Intro. by Dockham, Howard, Johnson, Tine.

View: All Summaries for BillTracking:

Bill summary

House amendment makes the following change to the 4th edition:

 Amends GS 105-228.4A(d) to add language providing that the tax on assumed reinsurance premiums is not payable in connection with the exchange of assets and liabilities between insurers if both insurers are under common control and the Commissioner of Insurance verifies that the exchange is part of a plan to cease operations of one insurer and the insurers' intent is to renew/maintain business with the captive insurance company.

© 2021 School of Government The University of North Carolina at Chapel Hill

This work is copyrighted and subject to "fair use" as permitted by federal copyright law. No portion of this publication may be reproduced or transmitted in any form or by any means without the express written permission of the publisher. Distribution by third parties is prohibited. Prohibited distribution includes, but is not limited to, posting, e-mailing, faxing, archiving in a public database, installing on intranets or servers, and redistributing via a computer network or in printed form. Unauthorized use or reproduction may result in legal action against the unauthorized user.

Printer-friendly: Click to view