Bill Summary for H 575 (2011-2012)

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Summary date: 

May 18 2011
S.L. 2011-222

Bill Information:

View NCGA Bill Details2011-2012 Session
House Bill 575 (Public) Filed Thursday, March 31, 2011
TO PROVIDE THAT IN LIEU OF CONTRACTUAL LIABILITY INSURANCE, A SERVICE CONTRACT PROVIDER MAY MAINTAIN A FUNDED RESERVE ACCOUNT FOR ITS OBLIGATIONS UNDER SERVICE CONTRACTS ISSUED AND OUTSTANDING IN THIS STATE.
Intro. by Dockham.

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Bill summary

House committee substitute makes the following change to 1st edition. Deletes provision in GS 66-373(a) stating that reserve accounts are subject to examination and review by the Commissioner of Insurance.