Enacts new GS 58-36-43 as the title indicates. Allows insurance companies writing private automobile insurance or homeowners' insurance to incorporate optional enhancements in an automobile or homeowners' insurance policy under Article 36 of GS Chapter 58 (1) if the insurer has filed the proposed enhancement including any proposed premium charge with the Commissioner of Insurance (Commissioner) and (2) if the proposed enhancement is approved by the Commissioner. Provides that amendments to private passenger automobile or homeowners' program enhancements are subject to the same requirements as an initial filing. Specifies that a rate amendment under this proposed section is not a rate deviation and is not subject to the requirements regarding rate deviations in GS 58-36-30(a). Provides criteria regarding the reporting of premiums, expenses, and losses associated with individual company automobile enhancements.

Applies to optional enhancements filed and approved on or after July 1, 2015.