NORTH CAROLINA GENERAL ASSEMBLY

1965 SESSION

 

 

CHAPTER 358

HOUSE BILL 475

 

 

AN ACT TO AMEND SUBSECTION (a) OF G.S. 20-279.25 IN ORDER THAT THE DEPOSITS AUTHORIZED THEREUNDER WILL CONFORM TO THE MINIMUM REQUIREMENTS RELATING TO PROOF OF FINANCIAL RESPONSIBILITY.

 

The General Assembly of North Carolina do enact:

 

Section 1.  G.S. 20-279.25, subsection (a), as the same appears in the 1963 Cumulative Supplement to Recompiled Volume 1C of the General Statutes of North Carolina, is hereby amended by striking the words and figures "eleven thousand dollars ($11,000.00)" immediately following the word "him" in line 3 of said subsection (a) and immediately preceding the word "in" in line 4 of said subsection (a) and substituting in lieu thereof the words and figures "fifteen thousand dollars ($15,000.00)"; and by striking out the words and figures "eleven thousand dollars ($11,000.00)" immediately following the word "of" and immediately preceding the period (.) in line 5 thereof and substituting in lieu thereof the words and figures "fifteen thousand dollars ($15,000.00)".

Sec. 2.  All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 3.  This Act shall become effective July 1, 1965, and shall apply only to policies written or renewed after said effective date.

In the General Assembly read three times and ratified, this the 28th day of April, 1965.