NC H221

Modifies G.S. 58-36-10(2) to require consideration of investment income from capital and surplus when setting insurance rates in North Carolina.

Allows insurance companies to offer optional enhancements to private passenger automobile and homeowners' policies as endorsements, subject to Commissioner approval based on sound actuarial principles.

Prohibits insurance companies from conditioning policy acceptance, renewal, underwriting criteria, or rating criteria on a policyholder's acceptance of optional automobile or homeowners' enhancements.

Specifies that rate amendments for optional enhancements are not rate deviations and are not subject to rate deviation requirements under G.S. 58-36-30(a).

Repeals G.S. 58-36-43(b) and takes effect upon passage.