NORTH CAROLINA GENERAL ASSEMBLY

1981 SESSION

 

 

CHAPTER 521

SENATE BILL 379

 

 

AN ACT TO LIMIT WORKERS' COMPENSATION INSURANCE RATE FILINGS WITH THE COMMISSIONER OF INSURANCE TO ONE FILING PER YEAR.

 

The General Assembly of North Carolina enacts:

 

Section 1. G.S. 58-124.20 is amended by adding a new subsection to read:

"(f)       On or before September 1 of each calendar year the bureau shall submit to the commissioner the experience, data, statistics, and information referred to in subsection (c) of this section and a rate review based on such data for workers' compensation insurance and employers' liability insurance written in connection therewith. Any rate increase for such insurance that is implemented pursuant to this Article shall become effective solely to such insurance as is written having an inception date on or after the effective date of the rate increase."

Sec. 2. G.S. 97-29 is amended on lines 29 and 36 by substituting the word, "July" for the word, "August"; on line 34 by substituting the word, "January" for the word, "November"; and on line 36 by substituting the word, "January" for the word, "October".

Sec. 3. Article 1 of General Statutes Chapter 97 is amended by adding a new section to read:

"§ 97-31.1. Effective date of legislative changes in benefits. - Every act of the General Assembly that changes the benefits enumerated in this Chapter shall have a ratification date of no later than June 1 and shall have an effective date of no earlier than January 1 of the year after which it is ratified."

Sec. 4. G.S. 97-90 is amended by adding a new subsection to read:

"(e)       The fees provided for in subsection (a) of this section shall be approved by the commission no later than June 1 of the year in which the commission exercises its authority under subsection (a) of this section, but shall not become effective until July 1 following such approval."

Sec. 5. G.S. 58-124.19 is amended by adding a new subsection to read:

"(5)      In the case of workers' compensation insurance and employers' liability insurance written in connection therewith, due consideration shall be given to the past and prospective effects of changes in compensation benefits and in legal and medical fees that are provided for in General Statutes Chapter 97."

Sec. 6. This act is effective upon ratification.

In the General Assembly read three times and ratified, this the 5th day of June, 1981.