North Carolina H356 clarifies permitted trade practices for insurance rebates and value-added services.
North Carolina H356 modifies civil and insurance laws to clarify permitted trade practices for insurance rebates and value-added services. It prohibits insurers and producers from offering rebates, discounts, or special favors not specified in the policy. Exceptions include value-added products or services offered at no or reduced cost, provided they meet certain criteria. These include being related to insurance coverage, reasonable in cost, and offered in a non-discriminatory manner. The bill also allows for pilot or testing programs for value-added services, subject to Department approval.
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