Bill Summary for H 402 (2023-2024)
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View NCGA Bill Details | 2023-2024 Session |
AN ACT MAKING VARIOUS CHANGES TO THE MOTOR VEHICLE INSURANCE AND SERVICE OF PROCESS LAWS OF NORTH CAROLINA.Intro. by Stevens, Humphrey, Gillespie.
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Bill summary
House committee substitute to the 1st edition makes the following changes.
Makes a technical change to state existing law in GS 20-279.5(c).
Replaces the proposed change to GS 20-279.15(2) to reflect the increase of required motor vehicle insurance coverage limit for bodily injury or death of one person from $30,000 to $50,000 in GS 20-279.1(11), defining proof of financial responsibility, as amended (previously referred to a new limit of $60,000).
Eliminates the proposed changes to GS 20-279.21(m), which would have required those who purchase motor vehicle insurance in the state to purchase underinsured motorist bodily coverage, to instead maintain existing law (currently, only required if applicable).
Makes a technical correction to the proposed changes to GS 58-37-35(b)(1)d.