Bill Summary for S 738 (2011-2012)
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Summary date:
Apr 20 2011
S.L. 2012-183
Bill Information:
| View NCGA Bill Details | 2011-2012 Session |
TO REQUIRE THAT ANY PERSON OR ESTABLISHMENT THAT HOLDS AN ALCOHOLIC BEVERAGE CONTROL PERMIT HAVE AT LEAST ONE MILLION DOLLARS IN LIABILITY INSURANCE.Intro. by Goolsby.
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Bill summary
Enacts new GS 18B-123.A. to provide as title indicates. Provides for permit revocation upon lapse or cancellation of the insurance policy. Enacts new GS 18B-123.B., requiring an insurance company that issues a policy to an ABC permit holder to notify the Alcoholic Beverage Control Commission within 10 days of lapse or cancellation of the policy. Makes a conforming change to GS 18B-123, limiting the total amount of damages awarded under Article 1A of GS Chapter 18B to $1 million per occurrence. Applies to all ABC permits issued, registered, or renewed on or after December 1, 2011.