GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2015

H                                                                                                                                                   3

HOUSE BILL 16

Committee Substitute Favorable 3/24/15

Senate Insurance Committee Substitute Adopted 6/3/15

Short Title:        Repeal Outdated Reports.‑AB	(Public)
Sponsors:
Referred to:

January 29, 2015

A BILL TO BE ENTITLED

AN ACT to repeal outdated and unnecessary insurance reporting requirements, as recommended by the Department of Insurance.

The General Assembly of North Carolina enacts:

SECTION 1.  G.S. 58‑2‑165(b) reads as rewritten:

"(b)      The Commissioner may require statements under this section, G.S. 58‑2‑170, section and G.S. 58‑2‑190 to be filed in a format that can be read by electronic data processing equipment, provided that this subsection does not apply to an audited financial statement prepared by a certified public accountant that is submitted by a town or county mutual pursuant to subsection (a1) of this section."

SECTION 2.  G.S. 58‑2‑170 is repealed.

SECTION 3.  G.S. 58‑36‑3(c) is repealed.

SECTION 4.  G.S. 58‑40‑130(e) is repealed.

SECTION 5.  G.S. 58‑50‑95 is repealed.

SECTION 6.  G.S. 58‑3‑191(a) and (b1) are repealed.

SECTION 7.  G.S. 58‑67‑140(a)(7) is repealed.

SECTION 8.  This act is effective when it becomes law.