North Carolina S270 prohibits certain automobile physical damage insurance coverages in credit property insurance policies.

North Carolina S270 amends the state's insurance code to prohibit the inclusion of specific automobile physical damage insurance coverages in credit property insurance policies. These prohibited coverages include repossession costs, skip, confiscation, and conversion coverage, deductibles below $250, and broader coverages than those meeting minimum requirements. The act allows for separate policies or endorsements for these coverages, provided no charge is passed to the borrower.

North Carolina S270 prohibits certain automobile physical damage insurance coverages in credit property insurance policies.

North Carolina S270 amends the state's insurance code to prohibit the inclusion of specific automobile physical damage insurance coverages in credit property insurance policies. These prohibited coverages include repossession costs, skip, confiscation, and conversion coverage, deductibles below $250, and broader coverages than those meeting minimum requirements. The act allows for separate policies or endorsements for these coverages, provided no charge is passed to the borrower.