GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1997

S	1 

SENATE BILL 234

Short Title:  Increase Amounts for Insurance Points. 	(Public)

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Sponsors: Senators Kincaid; Carpenter, Cochrane, and Garwood.

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Referred to:  Pensions & Retirement and Insurance.

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February 24, 1997

A BILL TO BE ENTITLED
AN ACT TO INCREASE THE STATUTORY AMOUNTS THAT DETERMINE THE ASSESSMENT OF SAFE DRIVER INCENTIVE PLAN POINTS.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 58-36-75(a) reads as rewritten:
"(a)	The subclassification plan promulgated pursuant to G.S. 58-36-65(b) may provide for separate surcharges for major, intermediate, and minor accidents.  A 'major accident' is an at-fault accident that results in either (i) bodily injury or death or (ii) only property damage of four thousand dollars ($4,000) or more.  An 'intermediate accident' is an at-fault accident that results in only property damage of more than two thousand dollars ($2,000) but less than four thousand dollars ($4,000).  A 'minor accident' is an at-fault accident that results in only property damage of two thousand dollars ($2,000) or less.  The subclassification plan may also exempt certain minor accidents from the Facility recoupment surcharge."
Section 2.  The North Carolina Rate Bureau shall amend the subclassification plan to implement the provisions of this act no later than September 1, 1997.  The amendment to the plan shall become effective January 1, 1998, and shall apply only to at-fault accidents that occur on or after January 1, 1998.  With respect to any at-fault accidents occurring prior to January 1, 1998, the surcharge and period for which the surcharge is applied and collected shall be determined by the subclassification plan in effect at the time the at-fault accident occurred.
Section 3.  This act is effective when it becomes law.