GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2015

SESSION LAW 2015-92

HOUSE BILL 16

AN ACT to repeal outdated and unnecessary insurance reporting requirements, as recommended by the Department of Insurance.

The General Assembly of North Carolina enacts:

SECTION 1.  G.S. 58‑2‑165(b) reads as rewritten:

"(b)      The Commissioner may require statements under this section, G.S. 58‑2‑170, section and G.S. 58‑2‑190 to be filed in a format that can be read by electronic data processing equipment, provided that this subsection does not apply to an audited financial statement prepared by a certified public accountant that is submitted by a town or county mutual pursuant to subsection (a1) of this section."

SECTION 2.  G.S. 58‑2‑170 is repealed.

SECTION 3.  G.S. 58‑36‑3(c) is repealed.

SECTION 4.  G.S. 58‑40‑130(e) is repealed.

SECTION 5.  G.S. 58‑50‑95 is repealed.

SECTION 6.  G.S. 58‑3‑191(a) and (b1) are repealed.

SECTION 7.  G.S. 58‑67‑140(a)(7) is repealed.

SECTION 8.  This act is effective when it becomes law.

In the General Assembly read three times and ratified this the 11^th day of June, 2015.

                                                                    s/  Daniel J. Forest

                                                                         President of the Senate

                                                                    s/  Tim Moore

                                                                         Speaker of the House of Representatives

                                                                    s/  Pat McCrory

                                                                         Governor

Approved 10:02 a.m. this 19^th day of June, 2015