GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1995

H	1 

HOUSE BILL 788

Short Title:  Insurance Guaranty Assn.	(Public)

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Sponsors: Representative Dockham.

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Referred to:  Insurance.

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April 10, 1995

A BILL TO BE ENTITLED
AN ACT TO INCLUDE HOSPITAL, MEDICAL, AND DENTAL SERVICE PLANS UNDER THE LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION ACT.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 58-62-16 reads as rewritten:
"§ 58-62-16.  Definitions.
As used in this Article:
(1)	'Account' means any of the two accounts created under G.S. 58-62-26.
(2)	'Association' means the North Carolina Life and Health Insurance Guaranty Association created under G.S. 58-62-26.
(3)	'Board' means the board of directors of the Association established under G.S. 58-62-31.
(4)	'Contractual obligation' means any obligation under a policy or certificate under a group policy, or part thereof, for which coverage is provided under G.S. 58-62-21.
(5)	'Covered policy' means any policy within the scope of this Article under G.S. 58-62-21.
(6)	'Delinquent insurer' means an impaired insurer or an insolvent insurer; and 'delinquency' means an insurer impairment or insolvency.
(7)	'Health insurance' includes hospital and/or medical and/or dental service plans, accident and health insurance, accident insurance, and disability insurance.
(8)	'Impaired insurer' means a member insurer that, after the effective date of this Article, is not an insolvent insurer, and (i) is deemed by the Commissioner to be potentially unable to fulfill its contractual obligations or (ii) is placed under an order of rehabilitation or conservation by a