Bill Summary for H 356 (2025-2026)
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| View NCGA Bill Details | 2025-2026 Session |
AN ACT TO MAKE TECHNICAL CORRECTIONS TO REMOVE REFERENCES TO PRELICENSING EDUCATION, TO PROHIBIT MORTGAGE LICENSEES FROM REQUIRING RECONSTRUCTION COST ESTIMATES AS A CONDITION OF ISSUING A LOAN, TO DELAY THE EFFECTIVE DATE FOR INEXPERIENCED OPERATOR CONTINUOUS COVERAGE REQUIREMENTS, TO AMEND REPORTING REQUIREMENTS FOR INEXPERIENCED DRIVERS, TO REQUIRE ACCEPTANCE OF CERTIFICATES OF INSURANCE AS PROOF OF INSURANCE, TO UPDATE PROVISIONS REGARDING PEER-TO-PEER VEHICLE SHARING, TO UPDATE THE NORTH CAROLINA PROFESSIONAL EMPLOYER ORGANIZATION ACT, TO ALLOW CASH CONVENIENCE FEES UNDER ONE DOLLAR WHEN AN INSURANCE PREMIUM IS BEING PAID IN CASH, TO MAKE VARIOUS CHANGES TO BAIL BONDSMEN REQUIREMENTS, TO REQUIRE BEACH PROPERTY INSURANCE COVERAGE FOR HABITATIONAL PROPERTY CONTENTS TO BE SET IN ACCORDANCE WITH STATE APPROVED RATES, AND TO AUTHORIZE A LANDLORD TO CHARGE A TENANT THE FAIR MARKET VALUE FOR REQUIRED INSURANCE FOR THE 19 LEASED PREMISES IF THE TENANT FAILS TO TIMELY PROVIDE PROOF OF THE REQUIRED INSURANCE.Intro. by Humphrey.
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Bill summary
Senate committee substitute to the 4th edition adds the following.
Section 10A.
Amends GS 20-279.21 by adding the following to the provisions that apply to every motor vehicle liability policy. Requires that when there is an uninsured or underinsured claim under a policy, and the insured and insurer do not agree whether the insured is legally entitled to compensatory damages from the owner of an uninsured or underinsured motor vehicle or the amount of compensatory damages, then the insured may demand to settle the disputes by arbitration. Sets out the conditions under which the insured has the right to demand arbitration when an insured sues the insurer or the owner or operator of an uninsured or underinsured vehicle seeking damages subject to a claim for uninsured or underinsured motorist coverage under the policy. Sets out notice requirements for the insured’s arbitration demands. Sets out five procedures that must be used for the arbitration, unless the insured and insurer agree on a different procedure, including: (1) each party will select a competent arbitrator and those two will select a third competent and disinterested arbitrator; (2) each party will pay its chosen arbitrator and half of all other arbitration expenses, with lawyer and expert witness fees paid by the hiring party; and (3) arbitration will occur in the county and state where the insured resides, arbitration is subject to that jurisdiction’s rules of procedure, the arbitrators will resolve the issues, and a written decision on which two arbitrators agree is binding.
Makes conforming changes to the long title.