NC H43

Allows automobile insurers writing private passenger motor vehicle insurance to develop and implement their own insurer-specific driver incentive plans instead of using the statewide Safe Driver Incentive Plan.

Insurer-specific plans must distinguish between classes of drivers with safe records versus those with at-fault accidents or traffic violations, and may include premium surcharges and discounts.

Insurers must notify the Commissioner of their election to use their own plan, file the plan before implementation, and may amend plans with 30 days' notice before the amended plan applies to new or renewed policies.

The insurer-specific plans apply only to drivers and risks retained by the insurer and do not apply to coverage ceded to the North Carolina Reinsurance Facility.

The act becomes effective September 1, 2017.