summary
Introduced
02/28/2017
02/28/2017
In Committee
03/01/2017
03/01/2017
Crossed Over
Passed
Dead
08/27/2018
08/27/2018
Introduced Session
2017-2018 Session
Bill Summary
Surcharge Transparency
AI Summary
This bill aims to increase transparency around surcharges on motor vehicle insurance policies in North Carolina. It requires insurers to itemize and display the "Premium Clean Risk Surcharge" separately on the policy declaration page or renewal notice, rather than combining it with the premium charges. The bill also specifies that the surcharge should appear below the coverage and premium information, and provides guidelines for how the surcharge should be handled by insurers and the North Carolina Reinsurance Facility. The bill applies to motor vehicle insurance policies issued or renewed on or after October 1, 2017.
Sponsors (15)
Rick Gunn (R)*,
Wesley Meredith (R)*,
Trudy Wade (R)*,
Dan Bishop (R),
Danny Britt (R),
Andrew Brock (R),
Angela Bryant (D),
Robert Clark (D),
Cathy Dunn (R),
Chuck Edwards (R),
Joel Ford (D),
Ralph Hise (R),
Michael Lee (R),
Tom McInnis (R),
Paul Newton (R),
Last Action
Ref To Com On Rules and Operations of the Senate (on 03/01/2017)
Official Document
bill text
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bill summary
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