N.C. Legislative Committee Examining Auto Insurance Rate Methods
Southeast News • January 18, 2008
North Carolina's automobile insurance rates are among the country's lowest, but a special pool covering motorists for hundreds of thousands of vehicles doesn't work very well, industry officials ...
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Subject: Ceded Policy
Posted On: January 19, 2008, 3:27 pm CST
Posted By: wudchuck
Comment:
they are great for the state since they only cover bi/pd. another good reason why rates are good, because they will not cover the loss of the veh for any comp/coll coverage.
this state has done right by those driving (in most cases). just to get a permit or a license you must show that have insurance. they made it mandatory so that even if you just happen to drive in your buddy's car, you have some insurance to protect you incase, your buddy dropped it. but then again, that buddy of his, if has a valid license is violation of the state if he did not have insurance. WOW! how many folks in NC, truly realize they have to keep insurance just to keep their license? that is the ultimate question.
Subject: Ceded Policy
this state has done right by those driving (in most cases). just to get a permit or a license you must show that have insurance. they made it mandatory so that even if you just happen to drive in your buddy's car, you have some insurance to protect you incase, your buddy dropped it. but then again, that buddy of his, if has a valid license is violation of the state if he did not have insurance. WOW! how many folks in NC, truly realize they have to keep insurance just to keep their license? that is the ultimate question.