TITLE

Committee Issues 'Beach Plan' Report

AUTHOR(S)
Carr, Sean P.
PUB. DATE
March 2009
SOURCE
Best's Review;Mar2009, Vol. 109 Issue 11, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
36931284

 

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