Bill Summaries: S428 (2015-2016 Session)

Tracking:
  • Bill S 428 (2015-2016)
    Summary date: Mar 25 2015 - View summary

    Amends GS 58-37-40(f) concerning certain NC auto insurance surcharges, providing that such surcharges imposed to subsidize the losses of the NC Motor Vehicle Reinsurance Facility must be itemized and displayed to the policyholder in substantially the same manner as the applicable premium charge is displayed in communications with the policyholder.

    Effective when the act becomes law, applying to motor vehicle insurance policies issued or renewed on or after January 1, 2017. 
    Business and Commerce, Insurance, Transportation
    GS 58

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