NORTH CAROLINA GENERAL ASSEMBLY
1971 SESSION

CHAPTER 908
SENATE BILL 638

AN ACT TO AMEND ARTICLE 25 OF CHAPTER 58 OF THE GENERAL STATUTES OF NORTH CAROLINA TO PROVIDE FOR THE ESTABLISHMENT OF PRIVATE PASSENGER RATE CLASSIFICATION BY MEANS OF THE 260 PLAN OR AN APPROPRIATE MODIFICATION THEREOF.

The General Assembly of North Carolina enacts:

Section 1.  G.S. 58-248 is hereby amended to add a new section G.S. 58-248.9 to read as follows:
"§ 58-248.9.  The power of commissioner to establish private passenger vehicle rate classification. — The Commissioner of Insurance is directed to establish, or cause to be established, following public hearing, such private passenger vehicle rate classifications, schedules, rules and regulations as may be deemed desirable and equitable to classify drivers of such vehicles for insurance purposes and may likewise, from time to time, withdraw, modify or amend any such classifications, schedules, rules or regulations. The Commissioner is further directed to establish a 260 Plan rate classification or an appropriate modification of that plan, in his discretion."
Sec. 2.  This act shall become effective upon ratification.
In the General Assembly read three times and ratified, this the 19th day of July, 1971.