GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1999

H 	3 

HOUSE BILL 1696
Committee Substitute Favorable 6/22/00
Committee Substitute #2 Favorable 6/29/00

Short Title:  Fire Ins. Public Protection/AB.	(Public)

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Sponsors:

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Referred to:

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May 25, 2000

A BILL TO BE ENTITLED
AN ACT TO CLARIFY THE AUTHORITY OF THE COMMISSIONER OF INSURANCE AND STATE FIRE MARSHAL TO ESTABLISH PUBLIC PROTECTION CLASSIFICATIONS FOR FIRE INSURANCE RATING PURPOSES.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 58-36-10(3) reads as rewritten:
"(3)	In the case of property insurance rates under this Article, consideration may be given to the experience of property insurance business during the most recent five-year period for which that experience is available. In the case of property insurance rates under this Article, consideration shall be given to the insurance public protection classifications of fire districts established by the Commissioner. The Commissioner shall establish and modify from time to time insurance public protection districts for all rural areas of the State and for cities with populations of 100,000 or fewer, according to the most recent annual population estimates certified by the State Planning Officer. In establishing and modifying these districts, the Commissioner shall use standards at least equivalent to those used by the Insurance Services Office, Inc., or any successor organization."
Section 2.  G.S. 58-40-25(4) reads as rewritten:
"(4)	In the case of property insurance rates under this Article, consideration shall be given to the insurance public protection classifications of fire districts established by the Commissioner.  The Commissioner shall establish and modify from time to time insurance public protection districts for all rural areas of the State and for cities with populations of 100,000 or fewer, according to the most recent annual population estimates certified by the State Planning Officer. In establishing and modifying these districts, the Commissioner shall use standards at least equivalent to those used by the Insurance Services Office, Inc., or any successor organization."
Section 3.  This act becomes effective July 1, 2000.