GENERAL ASSEMBLY OF NORTH CAROLINA

1985 SESSION

 

 

CHAPTER 519

SENATE BILL 591

 

AN ACT TO MAKE CLARIFYING AMENDMENTS TO THE FAIR ACCESS TO INSURANCE REQUIREMENTS ACT.

 

The General Assembly of North Carolina enacts:

 

Section 1.  G.S. 58-173.17 is amended by deleting lines 3-5 and rewriting those lines to read:

"insurable property in urban areas of the State. It is further the purpose of".

Sec. 2.  G.S. 58-173.18 is amended by deleting lines 9- 12 and rewriting those lines to read:

"consistent with the provisions of this Article."

Sec. 3.  G.S. 58-173.19 is amended by deleting the last sentence, designating the first sentence as subsection (a), and adding subsection (b) to read:

"(b)      An agent who is licensed under G.S. 58-40(b) as an agent of a company which is a member of the Association established under this Article shall not be deemed an agent of the Association."

Sec. 4.  G.S. 58-173.20 is amended by rewriting lines 10-12 to read:

"convenient for the purpose of assuring fair access to insurance requirements."

Sec. 5.  G.S. 58-173.23 is amended by rewriting line 3 to read:

"of the administrators of the Plan or Underwriting Association, other than an act or decision relating to the cause or amount of a claimed loss, may be heard in".

Sec. 6.  G.S. 58-173.25, 58-173.27 and 58-173.28 are repealed.

Sec. 7.  G.S. 58-173.26 is amended by rewriting lines 2 and 3 to read:

"as provided herein, the amount assessed each insurer shall be immediately recalculated excluding therefrom the".

Sec. 8.  This act is effective upon ratification.

In the General Assembly read three times and ratified, this the 1st day of July, 1985.