GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 1999

SENATE BILL 394
RATIFIED BILL

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.
In the General Assembly read three times and ratified this the 19th day of July, 1999.

	─────────────────── 
	Dennis A. Wicker
	President of the Senate

	─────────────────── 
	James B. Black
	Speaker of the House of Representatives

	─────────────────── 
	James B. Hunt, Jr.
	Governor

Approved 	.m. this 	 day of 	, 19