NC S133

Requires rate-making to prioritize North Carolina-specific loss and expense data from the most recent three-year period, with countrywide data permitted only when credible state experience is unavailable.

Allows insurance companies to offer optional enhancements to automobile and homeowners' policies approved by the Commissioner, but prohibits conditioning policy acceptance, renewal, or rating on policyholder acceptance of these enhancements.

Extends surcharge periods for convictions with four or more points from three years to five policy years, while redefining "conviction" to include pleas of guilty or no contest.

Permits inexperienced drivers licensed after October 1, 2019 to receive premium surcharges for up to eight years of driving experience, with eligibility for an inexperienced safe driver discount after three years with no at-fault accidents or convictions.

Requires the Department of Insurance to conduct public outreach on how these provisions may impact insurance premiums for both experienced and inexperienced drivers.