NC S180

Allows private automobile insurance companies in North Carolina to offer optional program enhancements as policy endorsements if filed with and approved by the Commissioner.

Optional enhancements are considered outside the Rate Bureau's authority and are not subject to rate deviation requirements under existing law.

Prohibits insurers from conditioning policy acceptance, renewal, or underwriting decisions on whether policyholders accept optional enhancements.

Requires insurers to use separate statistical codes for reporting premiums and losses from program enhancements and prohibits mixing this data with Rate Bureau rate-making data.

Effective July 1, 2013, and applies to enhancements filed and approved on or after that date.