Bill Summary for S 319 (2023-2024)

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Summary date: 

Jul 3 2024

Bill Information:

View NCGA Bill Details2023-2024 Session
Senate Bill 319 (Public) Filed Thursday, March 16, 2023
AN ACT TO REVISE STATUTES RELATED TO CAPTIVE INSURANCE, TO ESTABLISH A PROCEDURE FOR REMOTE BIDDING AT A FORECLOSURE SALE, AND TO PERMIT HEALTH BENEFIT PLAN SPONSORS TO OBTAIN CONSENT TO ELECTRONIC MAILING OF REQUIRED COMMUNICATIONS.
Intro. by Johnson, Perry, Sawrey.

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Bill summary

AN ACT TO REVISE STATUTES RELATED TO CAPTIVE INSURANCE, TO ESTABLISH A PROCEDURE FOR REMOTE BIDDING AT A FORECLOSURE SALE, TO PERMIT HEALTH BENEFIT PLAN SPONSORS TO OBTAIN CONSENT TO ELECTRONIC MAILING OF REQUIRED COMMUNICATIONS, TO REVISE LAWS PERTAINING TO THE LICENSING OF INSURANCE PRODUCERS, TO AMEND THE DEFINITION OF AN UNDERINSURED VEHICLE, TO MAKE TECHNICAL CHANGES TO CERTAIN PROVISIONS IN S.L. 2023-133 CONCERNING THE CALCULATION OF UNDERINSURED MOTORIST COVERAGE AND INSURANCE RATEMAKING LAWS, TO MAKE PERMANENT THE FIREFIGHTERS' HEALTH BENEFITS PILOT PROGRAM AND TO RENAME IT THE FIREFIGHTERS' CANCER INSURANCE PROGRAM, TO MODIFY THE CURRENT PERCENTAGE DISTRIBUTION OF THE GROSS PREMIUMS TAX TO FUND THE PROGRAM, TO INCREASE THE MONTHLY PAYMENT AND PENSION FOR MEMBERS OF THE NORTH CAROLINA FIREFIGHTERS' AND RESCUE SQUAD WORKERS' PENSION FUND, AND TO PROVIDE AN ALTERNATIVE MEANS OF BACKGROUND CHECKS FOR FIREFIGHTING AND PREVENTION SERVICES APPLICANTS LIVING IN NORTH CAROLINA FOR LONGER THAN FIVE YEARS. SL 2024-29. Enacted July 3, 2024. Sections 1, 2, 4,  and 5 become effective October 1, 2024; Section 7 of this act is July 3, 2024; Sections 10.1 through 10.4 become effective July 1, 2025; Sections 11.1 through 11.3 are effective July 1, 2024. Sections 12.1 through 12.4 are effective July 3, 2024; and except as otherwise provided, this act is effective July 3, 2024.