North Carolina Administrative Code
Title 11 - INSURANCE
Chapter 10 - PROPERTY AND CASUALTY DIVISION
Section .0300 - RULES AND INTERPRETATIONS
Section 10 .0313 - ENDORSEMENTS TO BUREAU RESIDENTIAL PROGRAMS

Universal Citation: 11 NC Admin Code 10 .0313

Current through Register Vol. 39, No. 6, September 16, 2024

(a) For the purposes of G.S. 58-41-10(a), a "residential risk" is a risk covered under any of the following North Carolina Rate Bureau residential programs: Homeowners Program, Dwelling Fire and Extended Coverage Program, Mobile Home Owner (C) Program, and Mobile-Homeowners (F) Program.

(b) When an insurance company, joint underwriting association, advisory organization, or rating organization files an endorsement to attach to a North Carolina Rate Bureau residential program, which endorsement provides coverage that is not subject to the jurisdiction of the Bureau and is exempt from Article 41 of Chapter 58 of the General Statutes by virtue of G.S. 58-41-10(a), the filing entity shall:

(1) provide a copy of the filing to the North Carolina Rate Bureau;

(2) utilize a statistical code for reporting premiums and losses and advise on what line on page 14 of the annual statement this data will be reported;

(3) complete a forms questionnaire; and

(4) submit the rates separately without a rate questionnaire.

Authority G.S. 58-2-40; 58-3-150; 58-40-30;
Eff. December 1, 1994;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. January 3, 2017.

Disclaimer: These regulations may not be the most recent version. North Carolina may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.