A BILL TO BE ENTITLED
AN ACT to ensure the department of insurance can conduct proper examinations of professional employer organizations (peo) by excluding application of the monetary limitation in the examination law to examination of professional employer organizations.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 58‑89A‑145(b) reads as rewritten:
"(b)	An examination under this Article shall be conducted in accordance with the Examination Law of this Chapter, G.S. 58-2-131 through G.S. 58-2-134. For purposes of the application of this section to the Examination Law, the term "insurer" as used in the Examination Law includes "licensee". Notwithstanding G.S. 58‑2‑134(b) or any other provision of law to the contrary, licensees shall pay for the costs of examination and no statutory limit to examination costs applies to examinations conducted pursuant to this Article."
SECTION 2.  This act is effective when it becomes law.