H308 - Regulatory Reform Act of 2020. (SL 2020-74)

Overview: Section 24 of S.L. 2020-74 allows an individual self-insurer upon receiving its license from the North Carolina Commission of Insurance to pay its required initial assessment over a period as determined by the Board of Directors of the North Carolina Self-Insurance Security Association. Under prior law, an initial assessment had to be paid upon the receipt of an initial license by an individual self-insurer.

This section became effective July 1, 2020.