On Sep. 19, NC INS issued bulletin on property insurer data call.
NC INS issuedBulletin 24-B-11 to all property and casualty insurers writing private motor vehicle and homeowners' insurance on consent to rate data collection.
The consent to rate data collection is required by regulation, NC INS 58-36-30(e).
Bulletin Details
Notifies insurance companies of the semi-annual reporting requirements applicable to insurance covering loss to nonfleet private passenger motor vehicle physical damage.
Also homeowners residential property with not more than four housing units.
Information and data requested by NC INS in the semi-annual data call only applies to companies that issued Consent to Rate policies during Jan. 1 to Jun. 30, 2024 period.
If companies have not written any consent to rates of the above-mentioned coverages during the above-mentioned period, they do not need to comply with this data call.
Submission Deadline
Reply submission should be submitted on NC INS by Oct. 28, 2024.
Regulators
NC INS
Entity Types
Ins
Reference
Bul 24-B-11, 9/19/2024; Citation: NC INS 58-36-30;
Functions
Compliance; Financial; Legal; Reporting
Countries
United States of America
Category
State
Products
Home Insurance; Insurance; Insurance-Casualty; Insurance-Property
