11 N.C. Admin. Code 12.1024

Current through Register Vol. 39, No. 13, January 2, 2025

Section 12 .1024 - PROHIBITED POLICY PRACTICE

(a) No insurer may increase the rate or premium charged to an insured for a policy because of:

(1) the increasing age of the insured at ages beyond 65; or

(2) the amount of time the insured has been covered under a policy.

(b) This Rule applies only to policies newly issued on and after December 1, 1994.

11 N.C. Admin. Code 12 .1024

Authority G.S. 58-2-40(1); 58-55-30(a);
Eff. December 1, 1994;
Amended Eff. April 1, 1995;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. May 1, 2018.

Authority G.S. 58-2-40(1); 58-55-30(a);
Eff. December 1, 1994;
Amended Eff. April 1, 1995.