GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1993

S	1 

SENATE BILL 523*

Short Title:  Reinsurer Accreditation Fee.	(Public)
─────────────────────────────────────── 
Sponsors: Senator Seymour.
─────────────────────────────────────── 
Referred to:  Insurance.
─────────────────────────────────────── 

March 22, 1993

A BILL TO BE ENTITLED
AN ACT TO ESTABLISH A FEE FOR THE ACCREDITATION AND RENEWAL OF ACCREDITATION OF REINSURANCE COMPANIES.
The General Assembly of North Carolina enacts:
Section 1.  Article 7 of Chapter 58 of the General Statutes is amended by adding a new section to read:
"§ 58-7-22.  Fees.
Every insurer that applies for accredited reinsurer status under G.S. 58-7-21(b)(2) shall pay a nonrefundable fee of two hundred fifty dollars ($250.00).  In order to renew accredited reinsurer status, every insurer shall pay a nonrefundable renewal fee of five hundred dollars ($500.00) on or before March 1 of each subsequent year.  These fees shall not be prorated."
Sec. 2.  This act is effective upon ratification.