Bill Summary for S 270 (2021-2022)

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Bill: INSURANCE TECHNICAL CHANGES.

Summary date: 

Nov 10 2021
S.L. 2021-177

Bill Information:

View NCGA Bill Details2021
Senate Bill 270 (Public) Filed Thursday, March 11, 2021
AN ACT REVISING THE VERIFICATION OBLIGATIONS OF AN INSURER AND ITS AGENT WITH RESPECT TO RATE EVASION FRAUD; RECODIFYING CERTIFICATE OF INSURANCE PROVISIONS; AND ESTABLISHING A CIVIL PENALTY FOR THE FRAUDULENT PREPARATION, ISSUANCE, REQUESTING, OR REQUIREMENT OF A CERTIFICATE OF INSURANCE.
Intro. by Johnson.

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Bill summary

AN ACT REVISING THE VERIFICATION OBLIGATIONS OF AN INSURER AND ITS AGENT WITH RESPECT TO RATE EVASION FRAUD; RECODIFYING CERTIFICATE OF INSURANCE PROVISIONS; AND ESTABLISHING A CIVIL PENALTY FOR THE FRAUDULENT PREPARATION, ISSUANCE, REQUESTING, OR REQUIREMENT OF A CERTIFICATE OF INSURANCE. SL 2021-177. Enacted Nov. 10, 2021. Effective Jan. 1, 2022.