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(Preliminary List of 2005 Approved/Pending Legislation)
Issue |
Bill # |
Bill Description |
Legal Issues |
Provides for the distribution of unpaid residuals in class action litigation. Effective: 10/1/05. |
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Miscellaneous Issues |
Clarifies present use value eligibility, to amend the period for appeal of a present use value determination or appraisal, to modify the tax year for motor vehicles that are to be switched from an annual system of registration to a staggered system effective January 1, 2006, and to apply the same penalty that currently applies to payments by check to property tax payments made by electronic payments. Effective: Varies depending on provision. Session Law 2005-313. |
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Miscellaneous Issues |
Consolidates various fees into the annual license continuation fee paid by licensed insurance companies. Also authorizes the Department of Insurance to hire a Medicare Lookout Program coordinator with federal grant funding. Effective: 1/1/06. |
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Miscellaneous Issues |
Bill enhances the confidential treatment of insurance market conduct analysis and financial analysis files. Effective: 10/1/05. Session Law 2005-206. |
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Miscellaneous Issues |
Bill makes various changes to the insurance financial laws under chapter 58 of the general statutes. Effective: 10/1/05. Session Law 2005-215. |
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Miscellaneous Issues |
Bill reduces the holding for certain unclaimed property held as stock or other equity interests in a business association, including cash distributions of a demutualized insurance company. Effective: 6/5/05. Session Law 2005-132. |
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Miscellaneous Issues |
Requires statistical organizations to be licensed by the Department of Insurance. Effective: 10/1/05. Session Law 2005-210. |
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Miscellaneous Issues |
Excludes highway use taxes as a factor in determining the true value in money of motor vehicles for property tax purposes. Effective: 7/1/05. Session Law 2005-303. |
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Miscellaneous Issues |
Creates a Disaster Relief Fund for victims of the 2004 hurricane season. Effective: 2/25/05. Session Law 2005-1. |
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Miscellaneous Issues |
Provides an unauthorized insurer against which an emergency cease and desist order has been issued to petition the Department of Insurance for a hearing on the matter and to appeal that decision to the superior Court of Wake County. Effective: 10/1/05. Session Law 2005-217. |
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Miscellaneous Issues |
Enacts the Identity Theft Protection Act of 2005 that includes provisions dealing with security breaches and security freezes. Effective: Most provisions take effect 10/1/05. |
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Motor Vehicle Issues |
Makes it unlawful to drive away from or otherwise leave the scene of a motor vehicle accident in certain circumstances. Effective: 12/1/05. |
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Motor Vehicle Issues |
When the Department of Crime Control and Public Safety finds that a for hire motor vehicle is operated in this State in violation of the registration and insurance verification requirements of this part, the motor vehicle shall be placed out of service until the motor carrier is in compliance and the penalty imposed under this section is paid. Effective: 5/26/05. Session Law 2005-36. |
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Motor Vehicle Issues |
Clarifies the motor vehicle repair act and to amend motor vehicle franchise laws. Effective: Upon governor's signature. |
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Motor Vehicle Issues |
Specifies membership on the Auto Reinsurance Facility. Effective: 10/1/05. Session Law 2005-242. |
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Motor Vehicle Issues |
Clarifies the maximum weight of a motor vehicle that is subject to the new motor vehicles warranties act and to promote the expeditious settlement of claims when the consumer requests the manufacturer to repurchase the motor vehicle. Effective: 10/1/05. |
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Motor Vehicle Issues |
Clarifies what the cost of repair work consists of when determining whether the cost of repair work is sufficient to require a motor vehicle repair shop to prepare a written repair estimate. Effective: 10/1/05. Session Law 2005-304. |
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Motor Vehicle Issues |
Creates a Class H felony offense for failure to return a hired motor vehicle valued in excess of $4,000. Effective: 12/1/05. Session Law 2005-182. |
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Motor Vehicle Issues |
Limits penalty for obstructing a boat ramp. Effective: 12/1/05. Session Law 2005-164. |
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Motor Vehicle Issues |
Creates a combined motor vehicle registration renewal and property tax collection system. Effective: Some provisions 1/1/06. Session Law 2005-294. |
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Traffic Issues |
Bill increases the fee paid by DWI offenders for attending an alcohol and drug education traffic school. Effective: 8/16/05. Session Law 2005-313. |
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Traffic Issues |
Prohibits the operation of all-terrain vehicles by persons less than eight years old, to restrict the operation of all-terrain vehicles by persons eight to fifteen years old based on engine capacity, to prohibit sellers from knowingly selling all-terrain for use by persons less than eight years old or for use by persons eight to fifteen years old in violation of the engine capacity limitations, to require safety training for ATV operators, and to create infractions for violations. Effective: 12/1/05. Session Law 2005-282. |
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Workers' Compensation |
Amends the workers' compensation act and creates a study committee on workers' compensation benefits. Effective: Some portions on 10/1/05. |
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Workers' Compensation |
Establishes the North Carolina self insurance security system and clarifies the procedures by which subsidiary and affiliate companies may be licensed as self insurers for workers compensation and to make other conforming and technical changes to the workers compensation laws respecting individual self insurers. Effective: 1/1/06. |
The information contained in this summary is not intended as a portrayal of every property/casualty-related law enacted in each state. Rather, it represents recently enacted legislation specifically identified by NAMIC State and Regulatory Affairs Staff as bearing direct relevance to those issues that represent NAMIC's National State Legislative Agenda or otherwise deemed pertinent to the interests of the majority of NAMIC members.
This summary is for use as a convenient tool for our members, and is not intended, and should not be considered to be, legal advice. Please consult your legal representatives.
Legislative and Regulatory Information Service (LARIS)
NAMIC Survey of New State Insurance Laws