Predatory Roofing/Ins. Rebate Reform.

This bill establishes a five-business day cancellation period for residential roof replacement or repair contracts following an insurance claim denial, preventing contractors from starting work or collecting payment during this window unless emergency services were already performed. It also clarifies rules for insurance trade practices by allowing insurers to offer gifts or services worth up to $250 per person annually and permitting certain free or reduced-fee services related to risk control, provided these benefits are not contingent on buying insurance and are clearly disclosed. Additionally, the legislation places a cap on referral fees paid to individuals who are not licensed insurance producers, aiming to regulate how insurance companies compensate non-licensed persons for directing business their way. These changes directly affect homeowners seeking roof repairs, roofing contractors, and insurance companies operating in North Carolina.