Bill Summary for S 323 (2011-2012)
|View NCGA Bill Details||2011-2012 Session|
TO MAKE CHANGES IN THE INSURANCE LAWS TO PRIVATIZE ONLINE AND ADMINISTRATIVE PROCESSES FOR LICENSE APPLICANTS, ENSURE ACCURACY IN CERTIFICATES OF INSURANCE, REQUIRE PRIOR APPROVAL OF SMALL GROUP HEALTH INSURANCE RATES AND ENCOURAGE THE SALE OF CHILD-ONLY HEALTH INSURANCE POLICIES, AMEND THE RISK-BASED CAPITAL LAW TO MAINTAIN NAIC ACCREDITATION, PROVIDE AN EXEMPTION FOR LICENSING OF CLAIMS INPUT EMPLOYEES FOR PORTABLE ELECTRONIC DEVICES, PROHIBIT FEDERAL PREEMPTION OF CROP ADJUSTERS' REGULATION, AND EASE THE REGULATORY BURDEN ON THE ASSOCIATION AGGREGATE SECURITY SYSTEM.Intro. by Apodaca.
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Senate committee substitute makes the following changes to 1st edition.
Adds new section enacting GS 58-2-31 to establish the Seniors' Health Insurance Information Program within the Department of Insurance to provide the state's Medicare beneficiaries with counseling in Medicare, Medicare supplement insurance, long-term care insurance, and related health care coverage plans, effective when the act becomes law. Amends proposed GS 58-50-131, which requires Commissioner of Insurance (Commissioner) review of premium rate schedules, to delete the provision granting hearings upon Commissioner disapproval. Makes clarifying changes.
Amends proposed GS 58-33-27(b), clarifying that no adjuster license is required for an individual who, in connection solely with coverage on the repair and replacement of portable consumer electronic devices (was, in connection with insurance on the devices), collects claim information from or furnishes claim information to insured parties (was, insured parties or claimants), conducts data entry as detailed, and does not exercise discretion in the claim disposition, provided the individual is supervised by a licensed adjuster (was, provided the individual was an employee of a licensee) and there are no more than 25 individuals adjusting claims under that adjuster's supervision. Deletes language stating that a producer acting as a supervisor is not required to be licensed as an adjuster. Enacts new GS 58-33-27(c), specifying that if other property losses occur with the loss associated with the portable consumer electronic device, then the individual performing duties listed in GS 58-33-10(2) (defining adjuster) on the total loss must hold an adjuster license. Makes conforming changes.
Adds new section, amending GS 97-130 and 97-131, to remove language requiring approval by the Commissioner in those provisions of the NC Self-Insurance Security Association, effective July 1, 2011.
Makes other clarifying and organizational changes. Makes a conforming change to the title to reflect new bill content.