NC General Assembly Legislative Building
2009 Long Session of the NC General Assembly
1) HB 1305 - The Beach Plan
HB 1305 is an act to make changes to the Coastal Property Insurance Pool, presently known as the Beach Plan. Among many critical changes to current regulations, this legislation would provide for surcharges of five percent for separate wind and hail coverage, ten percent for wind and hail homeowners coverage, and a minimum named storm wind and hail deductible of one percent for coverage written by the association. It would provide surcharges on commercial and dwelling coverage in addition to surcharges currently imposted on homeowners policies. The legislation would delete the time limit for the Commissioner to disapprove a Rate Bureau filing. You can follow updates regarding this legislation and read the bill in full at the link below.
UPDATE: HB 1305 was signed by Gov. Perdue on August 26. S.L. 2009-472
2) SB 660 - Auto Insurance/Dimunition in value
The piece if legislation would provide an alternative method of determining property damages as a part of the motor vehicle liability insurance. This bill was sent to the Governor to sign on August 4, 2009. To follow updates regarding this legislation and read the bill in full click on the link below.
UPDATE: SB 660 was signed by Gov. Perdue August 7. S.L. 2009-440
3) SB 749 - Revise UM/UIM liability coverage requirements
This bill revises and clarifies the requirements for the uninsured and underinsured motorist coverage in motor vehicle liability insurance policies. To follow up dates regarding this legislation and read the bill in full click on the link below.
UPDATE: SB 749 was signed by Gov. Perdue August 28, 2009. S.L. 2009-561
Other bills of interest
SB 64 - Motorcycle Learner's Permit (signed by Gov. on 8/26/09 [S.L. 2009-492])
SB 368 - Various changes in motor vehicle laws (signed into law on 7/31/09 [S.L. 2007-376])
SB 679 - Uniform appointment of tort responsibility (will go over until next year)
SB 780 - Structured settlement annuities/Insurance Guar. Assn. (signed by Gov. on 8/7/09 [S.L. 2009-448])
SB 820 - Create new titling categories (signed into law on 8/5/09 [S.L. 2009-420])
SB 882 - Statute of repose/products liability (signed by Gov. on 8/5/09 [S.L. 2009-420])
SB 931 - Commercial drivers license changes (signed by Gov. on 8/5/09 [S.L. 2009-416])
HB 1166 - Insurance law changes (signed by Gov. on 8/28/09 [S.L. 2009-566])
HB 1313 - Regulate public adjusters (signed by Gov. on 8/28/09 [S.L. 2009-565])
HB 9 - No texting while driving (signed into law on 6/19/09 - effective on 12/1/09 [S.L. 2009-135])
HB 1165 - Update standard fire insurance policy (signed by Gov. on 6/26/09 [S.L. 2009-171])