House committee substitute makes the following changes to the 2nd edition:
Amends proposed GS 58-36-15(d2), making technical, organizational, and clarifying changes. Provides that the submission of catastrophic wind and hail information must be submitted by companies to the Department of Insurance (Department) and the NC Rate Bureau (Bureau) pursuant to a data call by the Department for losses caused by a specific catastrophic hurricane event. (previously, required the Bureau to submit catastrophic wind and hail information to the Department). Makes conforming changes.
Deletes all of the provisions of proposed GS 58-45A-55 now providing that the interest on bonds that are issued by the Recovery Finance Authority pursuant to GS Chapter 58, Article 45A are exempt from taxation under the specified provisions.
Amends GS 58-45-47 concerning the limitations of the actual levying of any catastrophe recovery charge, providing that amounts pledged pursuant to catastrophe recovery charges under specified financing agreements cannot result in actual levying of a catastrophe recovery charge until after the NC Insurance Underwriting Association (Association) has incurred a deficit and until after the requirements of GS 58-45-47 have been met (previously required the Association to have incurred a deficit and the Commissioner of Insurance to approve implementation of the Association's catastrophe recovery charge).
Amends proposed GS 58-36-30(b1) making a technical change.
Amends the proposed language in GS 58-36-10(3) concerning the method of rate making and the factors considered, to provide that if the Bureau presents any modeled hurricane losses based on a commercial hurricane simulation computer model with a property insurance rate filing then it must present data from more than one such model. Requires models to consider the NC Building codes for residential construction (previously, if the Bureau presents any modeled losses with a property insurance rate filing, then it must also present data from more than one catastrophe model. Also required the models to be based on maximum load designs as contained in the NC State Building Codes).
Makes clarifying changes to provisions concerning the Joint Legislative Study Committee on Property Insurance Rate Making (Committee) and amends the membership of the committee to provide that the Speaker of the House and the President Pro Tempore of the Senate are also to appoint three public members each to the Committee, as specified, in addition to the five members that are to be appointed from each chamber.
Makes clarifying changes to the effective date provisions.
The Daily Bulletin: 2015-05-07
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The Daily Bulletin: 2015-05-07
House amendment makes the following changes to the 2nd edition:
Makes a clarifying change to the study to be conducted by the Revenue Laws Study Committee concerning issues relating to the financial impacts on local governments of exempting previously taxable properties from the property tax base when the property is acquired by nonprofits, providing that in conducting the study, the taxation of real or personal property used for religious properties cannot be considered.
The Daily Bulletin: 2015-05-07
The Daily Bulletin: 2015-05-07
House committee substitute makes the following changes to the 1st edition:
Amends the effective date to provide that upon a majority of votes being cast for the approval of the specified deannexation, the provisions of the act will become effective June 30, 2016 (was, June 30, 2015).
Intro. by Hager. | Rutherford |
The Daily Bulletin: 2015-05-07
Actions on Bills: 2015-05-07
H 91: STUDY MISUSE OF HANDICAPPED PARKING PLACARDS (NEW).
H 102: UTILITY VEHICLES/LAW ENFORCEMENT.
H 122: ADD COUNTIES/TOWNS TO STATE HEALTH PLAN.
H 127: DOT CONDEMNATION CHANGES.
H 136: RECALL RETIRED BUSINESS COURT JUDGE. (NEW)
H 147: UPDATE FIRE AND RESCUE COMM'N. MEMBERSHIP.
H 163: CAPTIVE INSURANCE AMENDMENTS.
H 182: PROPERTY INSURANCE FAIRNESS.
H 185: REPEAL DCR'S OBSOLETE COMMS & LANGUAGE.-AB
H 190: STATE HEALTH PLAN MODIFICATIONS.-AB
H 215: PROCEDURE FOR WAIVER OF JURY TRIAL.
H 289: NC MONEY TRANSMITTERS ACT.-AB
H 291: HAZ. MATERIALS IN SAFE DEPOSIT BOX.-AB
H 294: PROHIBIT CELL PHONE/DELINQUENT JUVENILE.-AB
H 308: CLARIFY REASONABLE HEALTH INSUR/LTC OMBUDSMAN.
H 355: EVIDENCE PASSED VEHICLE IS A SCHOOL BUS. (NEW)
H 356: NCUC REG. FEE CHANGES.
H 358: SCHOOL PERFORMANCE GRADE SCALE.
H 430: COUNTY OMNIBUS LEGISLATION.
H 597: MEDIATED SETTLEMENT AGREEMENTS.
H 601: SALE OF DEER SKINS.
H 706: BUILDING CODE/RUSTIC CABINS.
H 760: REGULATORY REFORM ACT OF 2015.
H 809: THIRD-PARTY PREMIUM PAYMENTS.
H 814: THE WILLIAM C. LINDLEY, JR. SUDEP LAW.
H 823: ESTABLISH ADVISORY COUNCIL ON RARE DISEASES.
H 878: EXPAND BD. OF TRUSTEES/SCH. OF SCIENCE & MATH.
H 879: JUVENILE CODE REFORM.
S 351: COLLECT DNA ALL VIOLENT FELONY ARRESTS.
S 445: BURT'S LAW.
S 619: GREY'S LAW.
Actions on Bills: 2015-05-07
H 65: WILKES FOX TRAPPING.
H 130: DAVIE COUNTY/FOOD FOR DETENTION FACILITIES.
H 143: CHARLOTTE/CIVIL SERVICE BOARD.
H 188: TRUSTEE APPOINTMENTS/ISOTHERMAL COMM. COLL.
H 199: CERTAIN CITIES/DONATE SERVICE ANIMALS.
H 266: CITY OF LENOIR/SATELLITE ANNEXATION.
H 313: PROMOTION GRIEVANCES/CITY OF STATESVILLE.
H 345: NORTHAMPTON SHOOTING RANGES (NEW).
H 393: TRI-COUNTY CC/BD. OF TRUSTEES.
H 400: TOWN OF MINT HILL/ANNEXATIONS.
H 426: TOWN OF WELDON/DEANNEXATION.
H 467: CLEVELAND COUNTY CORONER/ME RECOMMENDATIONS.
H 493: LAKE LURE DEANNEXATION
H 526: STANFIELD ANNEXATION/LOCUST DEANNEXATION (NEW).
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