NC S477

Allows insurers to deviate from Bureau-set rates for nonfleet private passenger motor vehicle liability insurance through a file-and-use process, with deviations effective upon filing without prior Commissioner approval.

Commissioner may only disapprove rate deviations if they are excessive, inadequate, or unfairly discriminatory, with deviations up to Reinsurance Facility rates presumed acceptable.

Establishes a five-year phaseout period from January 1, 2013 to December 31, 2017 for "clean risk" subclassification rates in the Reinsurance Facility to align with actuarially sound rates for all risks.

Eliminates the "clean risk" subclassification entirely effective January 1, 2018, removing the separate rate category for drivers with clean driving records.

Effective dates: January 1, 2012 for rate deviation provisions; January 1, 2018 for elimination of clean risk subclassification.