GENERAL ASSEMBLY OF NORTH CAROLINA

1991 SESSION

 

 

CHAPTER 476

SENATE BILL 227

 

AN ACT TO INCREASE THE MAXIMUM BENEFITS WHICH THE INSURANCE COMMISSIONER MAY AUTHORIZE TO BE PAID BY CERTAIN FRATERNAL BENEFIT SOCIETIES AND TO EXTEND THE PERIOD OF TIME FOR QUALIFYING FOR THE MEDICARE SUPPLEMENT AND LONG-TERM CARE INSURANCE SUPPLEMENTAL LICENSE.

 

The General Assembly of North Carolina enacts:

 

Section 1.  G.S. 58-24-185(a) reads as rewritten:

"(a)      Nothing contained in this Article shall be construed as to affect or apply to:

(1)       Grand or subordinate lodges of societies, orders or associations now doing business in this State which provide benefits exclusively through local or subordinate lodges;

(2)       Orders, societies or associations which admit to membership only persons engaged in one or more crafts or hazardous occupations, in the same or similar lines of business, insuring only their own members and their families, and the ladies' societies or ladies' auxiliaries to such orders, societies or associations;

(3)       Domestic societies which limit their membership to employees of a particular city or town, designated firm, business house or corporation which provide for a death benefit of not more than five hundred dollars ($500.00) or disability benefits of not more than three hundred fifty dollars ($350.00) to any person in any one year, or both; or

(4)       Domestic societies or associations of a purely religious, charitable or benevolent description, which provide for a death benefit of not more than five hundred dollars ($500.00) or for disability benefits of not more than three hundred fifty dollars ($350.00) to any one person in any one year, or both. both; or

(5)       An association of local lodges of a society now doing business in this State which provides death benefits not exceeding five hundred dollars ($500.00) to any one person, provided, that the Commissioner may authorize the payment of death benefits not exceeding two thousand dollars ($2,000) three thousand dollars ($3,000) to any one person, or may authorize disability benefits not exceeding three hundred dollars ($300.00), or may authorize both payments, in any one year to any one person."

Sec. 2.  G.S. 58-33-130(k) reads as rewritten:

"(k)      In addition to the 12 annual credit hours required of life or health insurance agents or brokers, in order to renew an appointment or license on and after January 1, 1993, every person holding a supplemental license under G.S. 58-33-25(d2) shall satisfactorily complete two annual credit hours in course instruction covering the principles of Medicare supplement and long-term care insurance, including changes in federal or North Carolina law relating to such insurance.  Such additional two hours are not subject to the limitation in subsection (e) of this section.  In lieu of taking the supplemental written examination provided for in G.S. 58-33-25(d2) and G.S. 58-33-30(e), persons holding licenses under G.S. 58-33-25(c)(1) or (c)(2) on December 31, 1990, may complete six credit hours in course instruction covering the principles of Medicare supplement and long-term care insurance prescribed by the Commissioner.  The six-hour course instruction requirement or the supplemental written examination shall be completed on or before December 31, 1991; and the six-hour course instruction requirement shall be included in the credit hour requirements in subsections (b) and (d) of this section for those persons in subsections (b) and (d) of this section."

Sec. 3.  Section 10 of Chapter 941 of the 1989 Session Laws is repealed.

Sec. 4.  This act is effective upon ratification.

In the General Assembly read three times and ratified this the 1st day of July, 1991.

 

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James C. Gardner

President of the Senate

 

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Daniel Blue, Jr.

Speaker of the House of Representatives