Identical to S 137 filed on 2/28/17.
Amends GS 58-37-40(f) concerning certain NC auto insurance surcharges, providing that such surcharges imposed to subsidize the losses of the NC Motor Vehicle Reinsurance Facility must be itemized and displayed to the policyholder at the time the policy is issued or renewed, and prescribes the form for that display. Applies to motor vehicle insurance policies issued or renewed on or after October 1, 2017.
SURCHARGE TRANSPARENCY.
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| View NCGA Bill Details(link is external) | 2017-2018 Session |
AN ACT TO PROVIDE THAT NORTH CAROLINA AUTO INSURANCE SURCHARGES IMPOSED TO SUBSIDIZE THE LOSSES OF THE NORTH CAROLINA MOTOR VEHICLE REINSURANCE FACILITY BE CLEARLY COMMUNICATED TO POLICYHOLDERS.Intro. by Hardister, Ross, Corbin, Goodman.
Status: Ref To Com On Insurance (House Action) (Mar 13 2017)
Bill History:
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Thu, 9 Mar 2017 House: Filed(link is external)
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Mon, 13 Mar 2017 House: Passed 1st Reading(link is external)
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Mon, 13 Mar 2017 House: Ref To Com On Insurance(link is external)
H 317
Bill Summaries:
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Bill H 317 (2017-2018)Summary date: Mar 9 2017 - View Summary
View: All Summaries for Bill