58-36-1. North Carolina Rate Bureau created. There is hereby created a Bureau to be known as the "North Carolina Rate Bureau," with the following objects and functions: (1) To assume the functions formerly performed by the North Carolina Fire Insurance Rating Bureau, the North Carolina Automobile Rate Administrative Office, and the Compensation Rating and Inspection […]
58-36-10. Method of rate making; factors considered. The following standards shall apply to the making and use of rates: (1) Rates or loss costs shall not be excessive, inadequate or unfairly discriminatory. (2) Due consideration shall be given to actual loss and expense experience within this State for the most recent three-year period for which […]
58-36-100. Prospective loss costs filings and final rate filings for workers’ compensation and employers’ liability insurance. (a) Except as provided in subsections (k) and (m) of this section, the Bureau shall no longer develop or file any minimum premiums, minimum premium formulas, or expense constants. If an insurer wishes to amend minimum premium formulas or […]
58-36-105. Certain workers’ compensation insurance policy cancellations prohibited. (a) No policy of workers’ compensation insurance or employers’ liability insurance written in connection with a policy of workers’ compensation insurance shall be cancelled by the insurer before the expiration of the term or anniversary date stated in the policy and without the prior written consent of […]
58-36-110. Notice of nonrenewal, premium rate increase, or change in workers’ compensation insurance coverage required. (a) No insurer shall refuse to renew a policy of workers’ compensation insurance or employers’ liability insurance written in connection with a policy of workers’ compensation insurance except in accordance with the provisions of this section, and any nonrenewal attempted […]
58-36-115. Prohibitions on using inquiries to terminate a policy, refuse to issue or renew a policy, or to subject a policy to consent to rate. An insurer writing residential real property insurance subject to this Article shall not terminate an existing policy or any coverage under an existing policy, refuse to write a policy, refuse […]
58-36-120. Public notice of certain filings. Whenever the North Carolina Rate Bureau files for an increase in insurance rates for residential property insurance, the Bureau shall give public notice in at least two newspapers with statewide distribution and in the North Carolina Register, within 10 business days after the filing, which notice shall state that […]
58-36-15. Filing loss costs, rates, plans with Commissioner; public inspection of filings. (a) The Bureau shall file with the Commissioner copies of the rates, loss costs, classification plans, rating plans and rating systems used by its members. Each rate or loss costs filing shall become effective on the date specified in the filing, but not […]
58-36-16. Bureau to share information with Department of Labor and North Carolina Industrial Commission. The Bureau shall provide to the Department of Labor and the North Carolina Industrial Commission information from the Bureau’s records indicating each employer’s experience rate modifier established for the purpose of setting premium rates for workers’ compensation insurance and the name […]
58-36-17. Bureau to share information with the North Carolina Industrial Commission. The Bureau shall provide to the North Carolina Industrial Commission information contained in the Bureau’s records indicating the status of workers’ compensation insurance coverage on North Carolina employers as reported to the Bureau by the Bureau’s member companies. The North Carolina Industrial Commission shall […]
58-36-2. Private passenger motor vehicles; number of nonfleet policies. Notwithstanding the definition of "nonfleet" in G.S. 58-40-10(2), the Bureau shall adopt rules, subject to the Commissioner’s approval, that specify the circumstances under which more than four private passenger motor vehicles may be covered under a nonfleet private passenger motor vehicle policy that is subject to […]
58-36-20. Disapproval; hearing, order; adjustment of premium, review of filing. (a) At any time within 50 days after the date of any filing, the Commissioner may give written notice to the Bureau specifying in what respect and to what extent the Commissioner contends the filing fails to comply with the requirements of this Article and […]
58-36-25. Appeal of Commissioner’s order. (a) Any order or decision of the Commissioner shall be subject to judicial review as provided in Article 2 of this Chapter. (b) Whenever a Bureau rate is held to be unfairly discriminatory or excessive and no longer effective by order of the Commissioner issued under G.S. 58-36-20, the members […]
58-36-3. Limitation of scope; motorcycle and moped endorsements allowed; Department of Insurance report. (a) The Bureau has no jurisdiction over: (1) Excess workers’ compensation insurance for employers qualifying as self-insurers as provided in Article 47 of this Chapter or Article 5 of Chapter 97 of the General Statutes. (2) Farm buildings, farm dwellings, and their […]
58-36-30. Deviations. (a) Except as permitted by G.S. 58-36-100 for workers’ compensation loss costs filings, no insurer and no officer, agent, or representative of an insurer shall knowingly issue or deliver or knowingly permit the issuance or delivery of any policy of insurance in this State that does not conform to the rates, rating plans, […]
58-36-35. Appeal to Commissioner from decision of Bureau. (a) Any member of the Bureau may appeal to the Commissioner from any decision of the Bureau, except for a decision made under G.S. 58-36-1(2). After a hearing held on not fewer than 10 days’ written notice to the appellant and to the Bureau, the Commissioner shall […]
58-36-4. Statistical organizations; licensing; recording and reporting; examination; suspension of license; financial disclosure. (a) For purposes of this Article: (1) "Statistical organization" means every person, other than an admitted insurer, whether located within or outside this State, who performs one or more of the following functions: a. Prepares policy forms or makes underwriting rules incident […]
58-36-40. Existing rates, rating systems, territories, classifications and policy forms. Rates, rating systems, territories, classifications and policy forms lawfully in use on September 1, 1977, may continue to be used thereafter, notwithstanding any provision of this Article. (1977, c. 828, s. 6.)
58-36-41. Development of policy endorsement for exclusive use of original equipment manufactured crash parts. The Rate Bureau shall develop an optional policy endorsement to be filed with the Commissioner for approval that permits policyholders to elect nonfleet private passenger motor vehicle physical damage coverage specifying the exclusive use of original equipment manufactured crash parts. (2003-395, […]
58-36-42. Development of policy form or endorsement for residential property insurance that does not include coverage for perils of windstorm or hail. With respect to residential property insurance under its jurisdiction, the Bureau shall develop an optional policy form or endorsement to be filed with the Commissioner for approval that provides residential property insurance coverage […]
