Housing

HB 737 eliminates mandatory 20-hour training courses for insurance producers (agents/brokers) seeking licensure in North Carolina, replacing this requirement with a competency-based assessment. The bill also clarifies rules on insurance referral fees, updates capital calculation standards for the Department of Insurance, and restricts residential leases from requiring renters insurance. Additional provisions include adjustments to Medicare supplement licensing, continuous coverage rules for drivers with surcharges, and streamlined processes for multi-dealer registration. These changes directly affect insurance professionals, insurers, and consumers through modified licensing, coverage, and fee structures.