NORTH CAROLINA GENERAL ASSEMBLY

1975 SESSION

CHAPTER 670

HOUSE BILL 343

AN ACT TO AMEND ARTICLE 13 OF CHAPTER 58 OF THE GENERAL STATUTES TO PROVIDE APPROPRIATE INSURANCE PREMIUM DISCOUNTS FOR ADEQUATE MOBILE HOME TIE-DOWNS.

The General Assembly of North Carolina enacts:

Section 1.  Article 13 of Chapter 58 of the General Statutes is hereby amended by the addition of a new section thereto to be designated G.S. 58-131.3A to read as follows:

"§ 58-131. 3A.  Premium discount for proper mobile home tie-down. — The Commissioner is authorized and directed to implement not less than a ten percent (10%) discount from the insurance premium otherwise applicable to be allowed in diminution of the premium charged insureds under Mobile Home Owner Policies and Mobile-Homeowner's Policies where the mobile home covered by the policy has been properly secured in accordance with regulations of the North Carolina State Building Code Council as approved by the Commissioner or any other standard which is approved by the Commissioner and which affords no less protection from windstorm damage than the aforesaid regulations."

Sec. 2.  This act shall become effective upon ratification but shall apply only to policies of insurance issued or renewed on and after November 1, 1975.

In the General Assembly read three times and ratified, this the 18th day of June, 1975.