GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1999

S	3 

SENATE BILL 394
House Committee Substitute Favorable 7/6/99
Third Edition Engrossed 7/13/99

Short Title:  Credit Card Payment of Insurance.	(Public)

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Sponsors:

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Referred to: 

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March 17, 1999

A BILL TO BE ENTITLED
AN ACT TO ALLOW PREMIUMS FOR INSURANCE COVERAGE TO BE PAID BY CREDIT CARD.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 58-3-145 reads as rewritten:
"§ 58-3-145.  Solicitation, negotiation or payment of premiums on insurance policies.
	An insurer, agent, or broker may accept payment of an insurance premium by credit card if the insurer accepting payment by credit card meets the following conditions:
(1)	The insurer makes payment by credit card available to all existing and prospective insureds and does not limit the use of credit card payments to certain persons.
(2)	The insurer pays the fees charged by the credit card company for the payment of premiums by credit card."
Section 2.  G.S. 58-57-105(a) reads as rewritten:
"(a)	Credit card facilities may be used for the solicitation, negotiation, or payment of premiums for credit insurance on the unpaid balance of any credit card account pursuant to G.S. 58-3-145.  Solicitation or negotiation for credit insurance on credit card account balances may not be made by unsolicited telephone calls or facsimile transmissions."
Section 3.  This act becomes effective October 1, 1999.