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NC S123
Bill
AI Summary
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Prohibits any person from knowingly preparing, issuing, requesting, or requiring a certificate of insurance that includes information not contained in the underlying insurance policy.
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Establishes a civil penalty of up to $5,000 for violations by individuals not otherwise regulated under Chapter 58 of North Carolina General Statutes.
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Penalty proceeds are remitted to the Civil Penalty and Forfeiture Fund in accordance with G.S. 115C-457.2.
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Civil penalties are in addition to any other criminal penalties under North Carolina law.
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Becomes effective October 1, 2023.
Legislative Description
Certificate of Insurance Clarifications
Commerce; Consumer Protection; Insurance; Public
Last Action
Ref To Com On Rules, Calendar, and Operations of the House
4/4/2023
Committee Referrals
Rules, Calendar, and Operations of the House4/4/2023
Rules and Operations of the Senate3/28/2023
Commerce and Insurance3/21/2023
Rules and Operations of the Senate2/20/2023
Full Bill Text
No bill text available