GENERAL ASSEMBLY OF NORTH CAROLINA

1983 SESSION

 

 

CHAPTER 141

HOUSE BILL 57

 

AN ACT TO AMEND THE LAW CONCERNING REPORTING OF PRODUCT LIABILITY INSURANCE UNDERWRITING EXPERIENCE.

 

The General Assembly of North Carolina enacts:

 

Section 1.  G.S. 58-21.2 is rewritten to read:

"§ 58-21.2.  Reporting of product liability experience. - Every insurer providing product liability insurance or excess insurance above self-insurance to one or more manufacturers, sellers, or distributors in this State shall file with the Commissioner, along with the insurer's annual statement, a report containing the information that is listed on the product liability insurance supplement as promulgated and amended by the National Association of Insurance Commissioners."

Sec. 2.  This act is effective upon ratification.

In the General Assembly read three times and ratified, this the 6th day of April, 1983.