Department of Insurance Proposed Rule

nc-2026-10-15-5435a584e0dc: 11 NCAC 14 .0507, 11 NCAC 06A .0808, 11 NCAC 06A .0701 — adopt — Department of Insurance

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Summary

Session Law 2026-48, Part lll, Section66 recentlyamendedG.S. 58-16-5,revising theconditions under which a foreign or alien insurance company may become licensed to do business in North Carolina and further directed the Department to adopt rules for implementation. The proposed adoptions of 11 NCAC 14 .0507-.0508 intend to establish consistent standards by which prospective applicants may demonstrate "successful conduct of business" and provides the agency with a uniform framework for evaluating foreign insurers' operating history and financial condition for licensing purposes. Session Law 2025-46, Part 1, eliminated prelicensing education course requirements for insurance producer applicants to be eligible for licensure in North Carolina. The proposed repeals of 11 NCAC 06A .0701-.0705 and amendments to .0808 and .0811 remove such prelicensing requirements and preserve continuing education requirements for insurance producers licensed in the state. Comments may be submitted to: Alisha Benjamin, 1201 Mail Service Center, Raleigh, NC 27699-1201; email NCDOI.Rulemaking@ncdoi.gov

The agency’s own summary, as published.

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