Bill Summary for H 575 (2011-2012)

Printer-friendly: Click to view
Bill: SERVICE AGREEMENTS/ALLOW RESERVE ACCOUNT.

Summary date: 

May 18 2011
S.L. 2011-222

Bill Information:

View NCGA Bill Details(link is external)2011-2012 Session
House Bill 575 (Public) Filed Thursday, March 31, 2011
TO PROVIDE THAT IN LIEU OF CONTRACTUAL LIABILITY INSURANCE, A SERVICE CONTRACT PROVIDER MAY MAINTAIN A FUNDED RESERVE ACCOUNT FOR ITS OBLIGATIONS UNDER SERVICE CONTRACTS ISSUED AND OUTSTANDING IN THIS STATE.
Intro. by Dockham.

View: All Summaries for BillTracking:

Bill summary

House committee substitute makes the following change to 1st edition. Deletes provision in GS 66-373(a) stating that reserve accounts are subject to examination and review by the Commissioner of Insurance.