All Roll Calls
Yes: 327 • No: 22
North CarolinaHB 7372025-2026 SessionHouseWALLET
DOI Omnibus Bill.
Sponsored By: Jennifer Balkcom (Republican), Chris Humphrey (Republican)
Signed by Governor
COMMERCECORPORATIONS, FOR-PROFITCOUNCIL OF STATECRIMESEDUCATIONEMPLOYMENTFEESHOUSINGINSURANCEINSURANCE DEPT
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Bill Overview
Analyzed Economic Effects
10 provisions identified: 2 benefits, 2 costs, 6 mixed.
PEOs face higher bonds and checks
A PEO license now requires a $100,000 surety bond, plus extra bond equal to any negative working capital. Applicants must file recent audited financials showing at least $50,000 tangible net worth and positive working capital (or provide substitute security). Officers must provide affidavits, and controlling persons must submit certified fingerprints for SBI/FBI checks. PEOs must file annual audited statements within 120 days after year‑end and quarterly statements within 60 days, with CEO/CFO attestations that payroll, taxes, workers’ comp, and benefits are current. The law defines audited statements and standardizes tangible net worth and working capital formulas. The Commissioner can deny licenses for failures like unpaid payroll taxes, false filings, or weak finances.
Easier licensing and business for producers
Beginning October 1, 2025, the Commissioner cannot require specific courses or hour counts to get a producer license. If you held the same lines in your home state, you do not need NC prelicensing or exams. The Commissioner offers exam prep materials for a reasonable fee. Licensed producers can exchange business and split commissions when both are licensed and appointed, include their National Producer Numbers on the application, and give written or electronic notice to the insurer and the customer.
Card chargeback can cancel coverage
If your insurance premium paid by credit card is charged back, the insurer treats it as nonpayment. The policy may be canceled retroactively to the payment date. This can leave a coverage gap and create out‑of‑pocket costs.
Cyber claims covered, caps apply
The guaranty association now covers cybersecurity insurance written by a member insurer. A covered claim must be over $50 and tied to a North Carolina resident or property in NC; punitive damages are excluded. The association pays covered claims over $50 and under $500,000, pays workers’ compensation in full, and caps unearned premium returns at $10,000 per policy. For cyber, total first‑ and third‑party claims from one insured event under a single policy or endorsement are capped at $500,000. If your consolidated net worth exceeded $50,000,000 on the prior December 31, the association can recover its payments from you. Lawsuits involving an insolvent insurer are paused for 120 days so the association can defend claims.
Stricter rules for inexperienced drivers
If you are subject to an inexperienced‑operator surcharge, you may not drive unless your liability policy includes that surcharge or you prove financial responsibility another allowed way. The DMV can suspend a license for violating this rule. Insurers must tell the DMV when such drivers are added, removed, or the policy is canceled; the DMV must reconcile notices to avoid recording a false lapse. Starting July 1, 2025, certain low‑level speeding outcomes (10 mph or less over, and prayers for judgment continued) count under updated timing rules.
PEO group licenses and parent guaranties
Related PEOs with a common parent can get one group license and file combined reports. Each group member must guarantee every other member’s financial obligations. The Commissioner may rely on a parent’s audited financials if the parent signs a guaranty covering payroll, taxes, workers’ comp, and benefits and control is documented. Out‑of‑state PEOs with limited NC activity can use de minimis registration if they have no NC office or sales staff and 50 or fewer assigned NC employees, while still meeting most responsibilities.
Stronger oversight of insurer groups
Insurer groups must file annual group capital calculations and, when in scope, liquidity stress test results with the lead state commissioner. A 0.5% of admitted assets threshold defines non‑material transactions for some registration disclosures. Starting January 1, 2026, stronger confidentiality rules apply to group capital and stress‑test filings, limit sharing, and bar public disclosure of these results except narrow rebuttals. Form F enterprise‑risk reports go to the lead state commissioner, and Form A filers must agree to provide ongoing Form F reports while control exists.
Sales agents can join more dealers
A salesman may register with more than one dealer if the dealers are under common ownership or control, or if the Administrator allows it by rule or order. This offers more flexible work arrangements for eligible salespeople and dealers.
Small gifts OK; referral fees capped
Insurers and agents may offer value‑added services tied to coverage and noncash gifts or meals up to $250 per policy term, not conditioned on buying or renewing. Public drawings and raffles are allowed with prizes up to $250 and no purchase required. Insurers must still charge only approved premiums, with limited exceptions. Starting October 1, 2025, unlicensed referrers of personal‑lines business can be paid no more than $50 per referral; each violation can be fined up to $2,000.
Renters choose insurer; $50 fee cap
Your lease cannot force you to buy required coverage from a specific carrier or agent. If you fail to show proof within three business days after the landlord asks, the landlord may buy the insurance and charge you the actual cost plus an administrative fee up to $50 per year.
Sponsors & Cosponsors
Sponsors
Jennifer Balkcom
Republican • House
Chris Humphrey
Republican • House
Cosponsors
Ray Pickett
Republican • House
Roll Call Votes
House vote • 6/24/2025
HB 737: DOI Omnibus Bill.
Yes: 111 • No: 0 • Other: 8
Senate vote • 6/18/2025
HB 737: DOI Omnibus Bill.
Yes: 28 • No: 17 • Other: 5
Senate vote • 6/18/2025
HB 737: DOI Omnibus Bill.
Yes: 45 • No: 0 • Other: 5
Senate vote • 6/18/2025
HB 737: DOI Omnibus Bill.
Yes: 45 • No: 0 • Other: 5
House vote • 4/30/2025
HB 737: Licensing Course Removal/Insurance Producers.
Yes: 98 • No: 5 • Other: 11
Actions Timeline
Ch. SL 2025-45
7/1/2025HouseSigned by Gov. 7/1/2025
7/1/2025HousePres. To Gov. 6/26/2025
6/26/2025HouseRatified
6/25/2025HouseOrdered Enrolled
6/24/2025HouseConcurred In S Com Sub
6/24/2025HousePlaced On Cal For 06/24/2025
6/23/2025HouseCal Pursuant 36(b)
6/19/2025HouseSpecial Message Received For Concurrence in S Com Sub
6/19/2025HouseSpecial Message Sent To House
6/19/2025SenateEngrossed
6/18/2025SenatePassed 3rd Reading
6/18/2025SenatePassed 2nd Reading
6/18/2025SenateAmend Tabled A2
6/18/2025SenateAmend Adopted A1
6/18/2025SenateReptd Fav
6/17/2025SenateRe-ref Com On Rules and Operations of the Senate
6/10/2025SenateCom Substitute Adopted
6/10/2025SenateReptd Fav Com Substitute
6/10/2025SenateRe-ref to Commerce and Insurance. If fav, re-ref to Rules and Operations of the Senate
5/14/2025SenateWithdrawn From Com
5/14/2025SenateRef To Com On Rules and Operations of the Senate
5/1/2025SenatePassed 1st Reading
5/1/2025SenateRegular Message Received From House
5/1/2025SenateRegular Message Sent To Senate
5/1/2025House
Bill Text
Edition 1
Edition 2
Edition 3
Edition 4
Filed
Latest Edition
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