NC H148

Requires moped owners to maintain a policy of financial responsibility (insurance) for operation of mopeds, with registration contingent on proof of insurance.

Clarifies that mopeds are included in motor vehicle definitions for purposes of financial responsibility requirements under G.S. 20-309.

Exempts mopeds from personal auto insurance rate-filing requirements in G.S. 58-40-15, while allowing moped liability and physical damage insurance as endorsements to policies.

Allows member insurance companies to write moped liability and theft/physical damage coverage as endorsements under Article 40 of the insurance code.

Effective July 1, 2016 for most provisions; Sections 8-9 regarding moped registration and certificate of title requirements become effective July 1, 2015.