Committee Issues 'Beach Plan' Report

Carr, Sean P.
March 2009
Best's Review;Mar2009, Vol. 109 Issue 11, p12
Trade Publication
The article reports on the recommendation of a special committee in North Carolina to lower the state's Beach Plan to maximum property coverage to limit potential liabilities. The recommendations include a cap on nonrecouple assessments levied against insurers and a statewide surcharge on policyholders in the event of catastrophic loss to reimburse insurers for recoupable assessment. The committee advised to establish a legislative committee to study building code changes and premium credits.


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