Bill Summaries: S533 (2023-2024 Session)

Tracking:
  • Bill S 533 (2023-2024)
    Summary date: Apr 3 2023 - View summary

    Amends GS 58-45-47 by adding the issuance of post-event catastrophe bonds subject to GS Chapter 142 (State Debt) to the appropriate means of financing the deficit that the North Carolina Insurance Underwriting Association may choose when the Association determines that a deficit (the Association has incurred losses and loss expenses in a particular calendar year that will exceed the combination of available surplus, reinsurance, and other sources of funding) has occurred.
    Business and Commerce, Insurance
    GS 58

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