NC S683

Excludes residential property insurance policies covering four or fewer housing units from the consent to rate provisions in G.S. 58-36-30(b)

Prevents insurers from charging rates higher than those promulgated by the Bureau on residential property without obtaining written consent from the insured

Applies to residential property insurance policies issued or renewed on or after July 29, 2016

Does not affect consent to rate provisions for motor vehicle liability coverage or other types of insurance