North Carolina General Statutes Chapter 58, Article 36

What this document is

North Carolina General Statutes Chapter 58, Article 36 - North Carolina Rate Bureau (G.S. 58-36-1 through 58-36-120) is a state statute published by North Carolina General Assembly. It is one of the North Carolina documents that insurance license exam questions are written from, including north carolina property & casualty, north carolina personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• G.S. 58-36-1(5)a (North Carolina Rate Bureau created)

  “When any such risk is called to the attention of the Bureau by receipt of an application with an estimated or deposit premium payment and it appears that the risk is in good faith entitled to such coverage, the Bureau will bind coverage for 30 days and will designate a member who must issue a...”

• G.S. 58-36-10(4) (Method of rate making; factors considered)

  “No such classification plans shall base any standard or rating plan for private passenger (nonfleet) motor vehicles, in whole or in part, directly or indirectly, upon the age or gender of the persons insured.”

• G.S. 58-36-75(a) (At-fault accidents and certain moving traffic violations under the Safe Driver Incentive Plan)

  “A "major accident" is an at-fault accident that results in either (i) bodily injury or death or (ii) only property damage of three thousand eight hundred fifty dollars ($3,850) or more. An "intermediate accident" is an at-fault accident that results in only property damage of more than two thousand...”

• G.S. 58-36-85(c) (Termination of a nonfleet private passenger motor vehicle insurance policy; Contents of Notice)

  “A written termination notice must state the reason for the termination and the date the termination is effective. If the policy is terminated for nonpayment of the premium, the effective date may be 15 days from the date the notice is mailed. If the policy is terminated for any other reason, the...”

• G.S. 58-36-90(b) (Prohibitions on using credit scoring to rate noncommercial private passenger motor vehicle and residential property insurance; exceptions: Prohibitions; Exceptions)

  “In the rating and underwriting of noncommercial private passenger motor vehicle and residential property insurance coverage, insurers shall not use credit scoring as the sole basis for terminating an existing policy or any coverage in an existing policy or subjecting a policy to consent to rate as...”

• G.S. 58-36-85(d) (Termination of a nonfleet private passenger motor vehicle insurance policy; Request for Review)

  “An insured who receives from an insurer a written termination notice may obtain review of the termination by filing with the Department a written request for review within 10 days after receiving a termination notice that complies with subsection (c) of this section. An insured who does not file a...”

• G.S. 58-36-45 (Notice of coverage or rate change)

  “Whenever an insurer changes the coverage other than at the request of the insured or changes the premium rate, it shall give the insured written notice of such coverage change or premium rate change at least 15 days in advance of the effective date of such change or changes with a copy of such...”

• G.S. 58-36-55 (Policy forms)

  “No policy form applying to insurance on risks or operations covered by this Article may be delivered or issued for delivery unless it has been filed with the Commissioner by the Bureau and either he has approved it, or 90 days have elapsed and he has not disapproved it.”

• G.S. 58-36-65(g) (Classifications and Safe Driver Incentive Plan for nonfleet private passenger motor vehicle insurance; material misrepresentation)

  “If an applicant for the issuance or renewal of a nonfleet private passenger motor vehicle insurance policy knowingly makes a material misrepresentation of the years of driving experience or the driving record of any named insured or of any other operator who resides in the same household and who...”

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Questions about this source

More North Carolina sources

• North Carolina General Statutes Chapter 14, Article 19 - False Pretenses and Cheats (G.S. 14-100 through 14-113)State statute
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• North Carolina General Statutes Chapter 20, Article 9A - Motor Vehicle Safety and Financial Responsibility Act of 1953 (G.S. 20-279.1 through 20-279.39)State statute
• North Carolina General Statutes Chapter 97 - Workers' Compensation Act, complete chapter, Articles 1 through 5 (163 sections, G.S. 97-1 through 97-200)State statute
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• North Carolina General Statutes Chapter 58, Article 2 - Commissioner of Insurance (G.S. 58-2-1 through 58-2-255)State statute
• North Carolina General Statutes Chapter 58, Article 28 - Unauthorized Insurers (G.S. 58-28-1 through 58-28-45)State statute
• North Carolina Insurance Producer Licensing - N.C. Gen. Stat. Chapter 58, Article 33 (Licensing of Agents, Brokers, Limited Representatives, and Adjusters)State statute