Bill Information:

AN ACT TO ELIMINATE THE TRAINING COURSE REQUIREMENTS FOR INSURANCE PRODUCER LICENSURE, TO CLARIFY THE APPLICABILITY OF THE CAP ON INSURANCE REFERRAL FEES PAID TO NONLICENSED PERSONS, TO MAINTAIN NAIC ACCREDITATION OF THE DEPARTMENT OF INSURANCE BY IMPLEMENTING GROUP CAPITAL CALCULATION AND LIQUIDITY STRESS TEST REQUIREMENTS, TO AMEND THE NORTH CAROLINA PROFESSIONAL EMPLOYER ORGANIZATION ACT, TO REVISE THE INSURANCE GUARANTY ASSOCIATION ACT, TO CLARIFY INSURANCE REBATE PERMITTED TRADE PRACTICES, TO CLARIFY THE LAWS RELATING TO THE EXCHANGE OF BUSINESS BETWEEN INSURANCE PRODUCERS, TO REQUIRE DRIVERS SUBJECT TO THE INEXPERIENCED DRIVER PREMIUM SURCHARGE TO MAINTAIN OR BENEFIT FROM CONTINUOUS LIABILITY COVERAGE, TO PLACE RESTRICTIONS ON RESIDENTIAL LEASES REQUIRING RENTERS INSURANCE, TO MAKE CHANGES TO THE EFFECTIVE DATE OF CERTAIN PROVISIONS CONCERNING THE CALCULATION OF UNDERINSURED MOTORIST COVERAGE AND INSURANCE RATEMAKING LAWS IN S.L. 2023-133, AS AMENDED BY S.L. 2024-29, TO AUTHORIZE SALESMEN TO REGISTER WITH MULTIPLE DEALERS UNDER COMMON OWNERSHIP OR CONTROL, AND TO AUTHORIZE POLICY CANCELLATION UPON CHARGEBACK OF A CREDIT CARD PREMIUM PAYMENT.