NORTH CAROLINA GENERAL ASSEMBLY

1965 SESSION

 

 

CHAPTER 943

SENATE BILL 424

 

 

AN ACT TO AMEND G.S. 58-248 TO REQUIRE ANNUAL AUTOMOBILE LIABILITY INSURANCE STATISTICAL DATA AND REVIEW BY THE NORTH CAROLINA AUTOMOBILE RATE ADMINISTRATIVE OFFICE.

 

The General Assembly of North Carolina do enact:

 

Section 1.  G.S. 58-248 is hereby amended by striking from the last two lines thereof the following:

": Provided, G.S. 58-246 to 58-248 shall not apply to publicly-owned vehicles", and substituting therefor a period (.)."

Sec. 2.  G.S. 58-248 is hereby further amended by adding at the end thereof a second and third paragraph to read as follows:

"On or before July 1 of each calendar year the North Carolina Automobile Rate Administrative Office shall submit to the Commissioner the data hereinabove referred to for bodily injury and property damage insurance on private passenger vehicles and a rate review based on such data. Such rate proposals shall be approved or disapproved by the Commissioner in writing within ninety (90) days after submission to him: Provided, the Commissioner shall have at least thirty (30) days after the completion of hearings and the receipt of any additional data requested from the North Carolina Automobile Rate Administrative Office in which to consider the rate proposals.

"The provisions of G.S. 58-246 to 58-248 shall not apply to publicly-owned vehicles."

Sec. 3.  All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 4.  This Act shall be in full force and effect from and after January 1, 1966.

In the General Assembly read three times and ratified, this the 11th day of June, 1965.