NC S293

Increases loan-to-value requirements for insurer mortgage investments on residential properties from 95% to 97% if mortgages are insured down to 80% (previously 75%), effective January 1, 2018.

Modifies captive insurance company regulations by removing "investigations" from audit requirements, clarifying organizational review procedures, and establishing a 30-day deemed approval process for officer and director changes.

Allows domestic insurers to invest in affiliates or subsidiaries up to 10% of admitted assets or 50% of policyholders' surplus with Commissioner approval, expanding language to explicitly include affiliate investments.

Designates the North Carolina Surplus Lines Association (NCSLA) as the regulatory support organization for surplus lines licensees, extends record-keeping requirements from 3 to 5 years, and requires all surplus lines licensees to maintain active NCSLA membership.

Amends credit insurance regulations to clarify that "personal property" in credit property insurance excludes automobiles, and changes credit unemployment insurance premium rate review from annual to every third year beginning September 1, 2018.