NC H208

Prohibits insurers from ceding policies or renewals held by "clean risks" to the Reinsurance Facility, effective October 1, 2021 for policies issued or renewed after that date

Defines "clean risk" as owners of nonfleet, private passenger motor vehicles where the owner, principal operator, and all licensed household operators have at least two years' driving experience and no Safe Driver Incentive Plan points assigned in the three years preceding application or renewal

Removes the requirement for the Facility's Board of Governors to establish a separate subclassification for clean risks and eliminates provisions allowing clean risk policies to be reinsured in the Facility

Removes pricing restrictions that previously required clean risk rates in the Facility to not exceed rates for clean risks outside the Facility and eliminates assessment-based cost recovery mechanisms for clean risks