GENERAL ASSEMBLY OF NORTH CAROLINA
1993 SESSION
CHAPTER 129
The General Assembly of North Carolina enacts:
Section 1. G.S. 58-26-1 is amended by adding a new subsection to read:
"(e) If the premium stated upon a policy of title insurance has been understated or overstated due to inadvertence, mistake, or miscalculation of the closing attorney or his employees, and the incident is not purposeful or part of a pattern, the Commissioner of Insurance shall not be required to impose a civil penalty or other sanction for the inadvertence, mistake, or miscalculation."
Sec. 2. This act is effective upon ratification.
In the General Assembly read three times and ratified this the 8th day of June, 1993.
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Dennis A. Wicker
President of the Senate
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Daniel Blue, Jr.
Speaker of the House of Representatives