Bill Summary for S 321 (2011-2012)
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Summary date:
Jun 13 2011
S.L. 2011-120
Bill Information:
| View NCGA Bill Details | 2011-2012 Session |
TO CONFORM PROVISIONS OF NORTH CAROLINA SURPLUS LINES INSURANCE LAWS TO THE FEDERAL NONADMITTED AND REINSURANCE REFORM ACT OF 2010, TO STREAMLINE APPLICATIONS FOR COMMERCIAL PURCHASERS, AND TO PREVENT ANY LOSS OF PREMIUM TAX REVENUE TO THE STATE.Intro. by Apodaca.
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Bill summary
AN ACT TO CONFORM PROVISIONS OF NORTH CAROLINA SURPLUS LINES INSURANCE LAWS TO THE FEDERAL NONADMITTED AND REINSURANCE REFORM ACT OF 2010, TO STREAMLINE APPLICATIONS FOR COMMERCIAL PURCHASERS, TO PREVENT ANY LOSS OF PREMIUM TAX REVENUE TO THE STATE, AND TO CONFORM THE DEFINITION OF RISK RETENTION GROUP TO FEDERAL LAW. Summarized in Daily Bulletin 3/10/11, 4/14/11, 5/3/11, 5/18/11, and 6/2/11. Enacted June 13, 2011. Effective July 21, 2011.