Amends Article 47 of GS Chapter 66, expanding the Article's provisions concerning financial responsibility at zip line and challenge courses to include trampoline parks. Defines trampoline park to mean a facility or facilities containing one or more trampolines that is open to the public and for which a fee is charged. Requires trampoline park owners or operators to carry insurance coverage of at least $1 million per occurrence and $2 million per aggregate against liability for injury to persons or property arising out of the facility's operation or use of the device. Requires proof of insurance as required under existing law. Exempts from the Article a trampoline installed at a private residence that is not open to the public and for which no fee is charged.

Directs the Department of Labor (Department) to study the financial liability of trampoline parks operating in NC and to report to the 2021 NCGA by April 30, 2022. Appropriates $50,000 from the General Fund to the Department for the 2021-22 fiscal year and $50,000 for the 2022-23 fiscal year to conduct the study. Effective July 1, 2021.