North Carolina S905 establishes a financial assistance program for foster care recipients' motor vehicle insurance.

North Carolina S905 amends the state's insurance laws to establish a Foster Care Automobile Insurance Financial Assistance Program. This program provides financial assistance for foster care recipients to purchase motor vehicle liability insurance. The bill also directs the North Carolina Rate Bureau to develop an optional policy form or endorsement for named non-owner nonfleet private passenger motor vehicle liability coverage for foster care recipients. The bill appropriates $1,000,000 for the program's implementation. The provisions become effective on various dates starting July 1, 2026.

North Carolina S905 establishes a financial assistance program for foster care recipients' motor vehicle insurance.

North Carolina S905 amends the state's insurance laws to establish a Foster Care Automobile Insurance Financial Assistance Program. This program provides financial assistance for foster care recipients to purchase motor vehicle liability insurance. The bill also directs the North Carolina Rate Bureau to develop an optional policy form or endorsement for named non-owner nonfleet private passenger motor vehicle liability coverage for foster care recipients. The bill appropriates $1,000,000 for the program's implementation. The provisions become effective on various dates starting July 1, 2026.