Amends GS 58-36-10 concerning the method of insurance rate making. Requires that due consideration be given to investment income from capital and surplus by the NC Rate Bureau in making and using rates. 

Makes organizational and clarifying changes to GS 58-36-43(a) regarding the authorization of optional program enhancements which do not alter coverage under the NC Rate Bureau's jurisdiction. Adds a new prohibition against a company conditioning any rating criteria upon the acceptance by the policyholder of any authorized optional automobile or homeowners' enhancements. Repeals GS 58-36-43(b), thereby eliminating the requirement for insurers to utilize certain statistical codes in reporting premiums and losses resulting from program enhancements filed under the statute. 

Amends GS 58-36-65, Classifications and Safe Driver Incentive Plan (Plan) for nonfleet private passenger motor vehicle insurance. Amends subsection (j), requiring subclassification plan surcharges for convictions for which four or more points under the Plan are assigned to be applied to a policy for a period of five policy years (all other subclassification plan surcharges are to be applied to a policy for a period of three policy years, as currently provided in the statute). Excludes convictions for speeding violations. Effective October 1, 2020.

Amends subsection (k) of GS 58-36-65, allowing for the subclassification plan to provide for premium surcharges for insureds having less than eight years' driving experience as licensed drivers, applicable to insureds receiving a drivers license for the first time on or after October 1, 2019 (currently permits premium surcharges for insureds having less than three years' driving experience as licensed drivers). Makes conforming changes.

Enacts new subsection (k1) in GS 58-36-65, providing licensed drivers subject to premium surcharges pursuant to subsection (k) for a period of eight years eligibility for an inexperienced safe driver discount after three full years of driving if the driver has no at-fault accidents or conviction on their driving record. Provides further parameters for the inexperienced safe driver discount. Requires the discount be filed by the NC Rate Bureau for approval with the Commissioner of Insurance. Effective October 1, 2019.