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 in the coastal and beach areas defined in G.S. 58-45-5(2) and (2b) without coverage for the perils of windstorm or hail. Insurers that sell such policies shall comply with the provisions of G.S. 58-44-60 and through such compliance shall be deemed to have given notice to all insured and persons claiming benefits under such policies that such policies do not include coverage for the perils of windstorm or hail. (2012-162, s. 4; 2013-199, s. 8.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 36 - North Carolina Rate Bureau.
§ 58-36-1 - North Carolina Rate Bureau created.
§ 58-36-2 - Private passenger motor vehicles; number of nonfleet policies.
§ 58-36-10 - Method of rate making; factors considered.
§ 58-36-15 - Filing loss costs, rates, plans with Commissioner; public inspection of filings.
§ 58-36-17 - Bureau to share information with the North Carolina Industrial Commission.
§ 58-36-20 - Disapproval; hearing, order; adjustment of premium, review of filing.
§ 58-36-25 - Appeal of Commissioner's order.
§ 58-36-35 - Appeal to Commissioner from decision of Bureau.
§ 58-36-40 - Existing rates, rating systems, territories, classifications and policy forms.
§ 58-36-45 - Notice of coverage or rate change.
§ 58-36-60 - Payment of dividends not prohibited or regulated; plan for payment into rating system.
§ 58-36-70 - Rate filings and hearings for motor vehicle insurance.
§ 58-36-80 - Coverage for damage to rental vehicles authorized.
§ 58-36-85 - Termination of a nonfleet private passenger motor vehicle insurance policy.
§ 58-36-87 - Affiliate transfer of policies.
§ 58-36-95 - Use of nonoriginal crash repair parts.
§ 58-36-105 - Certain workers' compensation insurance policy cancellations prohibited.