NC H373

Authorizes insurers, agents, and brokers to accept debit card payments for insurance premiums in addition to credit cards, with the insurer responsible for paying all associated fees.

Replaces requirement that credit/debit card payments be available to all insureds with requirement to comply with existing anti-discrimination laws under G.S. 58-63-15(7).

Creates new category for group life insurance (subdivision 5a) allowing policies issued to groups not previously defined, subject to Commissioner approval based on public interest, economies of acquisition or administration, and reasonable benefits relative to premiums.

Permits Commissioner to alternatively accept determinations from other states with substantially similar requirements regarding nontraditional group life insurance policies.

Becomes effective October 1, 2011.