Senate Bill 211 - Insurance Technical Changes Summary

• Makes technical and clarifying changes to North Carolina insurance laws recommended by the Department of Insurance across multiple insurance regulatory areas

• Modifies captive insurance company regulations including audit requirements, governing board provisions, and tax treatment for redomesticating companies

• Updates holding company investment limits, surplus lines licensing procedures, external review processes for health insurance claims, and exclusive provider benefit plan continuity of care requirements

• Expands immunity protections for contractors hired by the Department of Insurance during delinquency proceedings and clarifies rate consent disclosure requirements for auto and residential property insurance

• Modifies criminal penalties for insurance fraud and rate evasion, and makes technical updates to prepaid health plans, bail bondsman licensing, and other insurance-related statutes