Excerpt from Automobile Insurance: Report to the 1989 General Assembly of North Carolina, 1989 Session
The lrc Committee on Automobile Insurance determined that its primary objective was to monitor the effects of implementation of Chapter 869 of the I987 Session Laws (house Bill I l58). A copy of which is located in Appendix D. House Bill II58. Ratified on August I4. Io87. Represents an effort by the General Assembly to correct inequities within this State’s automobile insurance system. Through enactment of House Bill I I58. The General Assembly sought to spread the burden of payment for the losses of the North Carolina Motor Vehicle Reinsurance Facility Reinsurance Facility in a more equitable manner. Reduce excessive surcharges that attach when an insured commits a minor traffic violation or has a minor accident. And reduce the likelihood that drivers will attempt to drive uninsured and insureds will attempt to avoid payment of proper premiums.
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