NC S271

Amends G.S. 58-36-10(2) to add investment income from capital and surplus as a factor insurers must consider in rate-making, while restricting use of countrywide data only when credible North Carolina experience is unavailable.

Prohibits insurers from conditioning policy acceptance, renewal, underwriting criteria, or rating criteria on policyholder acceptance of optional automobile or homeowners' enhancements; treats rate amendments for approved enhancements as outside the rate deviation requirements.

Extends surcharge periods for traffic convictions: increases to five policy years for convictions with four or more points (except speeding violations), and extends surcharge periods from three to five years for speeding violations and prayers for judgment continued.

Creates inexperienced safe driver discount for drivers licensed after October 1, 2021, allowing them to earn discounts after three years of violation-free driving, with eligibility extending up to eight years of driving experience.

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