Bill Summary for H 382 (2017-2018)
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Bill: DOI OMNIBUS-AB (NEW).
Summary date:
Jun 12 2018
Bill Information:
| View NCGA Bill Details | 2017-2018 Session |
AN ACT TO INCORPORATE NAIC MODEL LANGUAGE INTO NORTH CAROLINA'S LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION ACT; TO AMEND AND MAKE CLARIFYING CHANGES TO THE SURPLUS LINES ACT; TO AMEND CONSENT TO RATE AND CAPTIVE INSURANCE LAWS; AND TO AMEND AND MAKE TECHNICAL CHANGES TO OTHER INSURANCE LAWS, AS RECOMMENDED BY THE DEPARTMENT OF INSURANCE.Intro. by Setzer, Bumgardner, Henson, Destin Hall.
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Bill summary
Senate amendment makes the following changes to the 3rd edition.
Amends GS 58-21-10 by making a technical correction.
Amends GS 58-21-21 by correcting the statutory references to exempt surplus lines insurance policies issued by a nonadmitted domestic surplus lines insurer from the protection or provisions of GS Chapter 58, Article 48, Postassessment Insurance Guaranty Association and GS Chapter 58, Article 62, North Carolina Life and Health Insurance Guaranty Association.