CHAPTER 7 ‑ STATE PROPERTY FIRE INSURANCE FUND DIVISION

 

SECTION .0100 ‑ GENERAL PROVISIONS

 

11 NCAC 07 .0101             DEFINITIONS

The following definitions shall apply for this division:

(1)           "Agent of Record" shall mean that insurance agent or agents authorized to represent the North Carolina Department of Insurance in procurement of insurance for North Carolina agencies.

(2)           "Self-liquidating buildings" shall mean buildings using their own revenues to retire their obligations.

(3)           "Special Fund Agencies" shall mean departments or agencies that receive their operating revenue from sources other than the general fund.

 

History Note:        Authority G.S. 58-2-40; 58-31-10;

Eff. February 1, 1976;

Readopted Eff. May 12, 1978;

Amended Eff. October 1, 1988.

 

11 NCAC 07 .0102             PURPOSE OF DIVISION

11 NCAC 07 .0103             DEPUTY COMMISSIONER

11 NCAC 07 .0104             DIVISION PERSONNEL

 

History Note:        Authority G.S. 58‑7.3; 58‑9; 58‑189 through 58‑194;

Eff. February 1, 1976;

Readopted Eff. May 12, 1978;

Repealed Eff. July 1, 1988.

 

11 NCAC 07 .0105             BILLING

A charge will be made by the State Property Fire Insurance Fund for fire coverage provided to special fund agencies, self‑liquidating buildings, special fund buildings, and buildings utilizing funds from revenue‑producing endeavors connected therewith, for operation or maintenance.  Rates for said coverages shall be fixed by the Commissioner of Insurance.

Charges will be levied to agencies for requested extended coverage, sprinkler leakage, business interruption, or other property insurance.  All checks must be made payable to the North Carolina Department of Insurance.  Rates for said coverages shall be fixed by the Commissioner of Insurance.

 

History Note:        Authority G.S. 58-2-40; 58-31-5; 58-31-15; 58-31-20; 58-31-55;

Eff. February 1, 1976;

Readopted Eff. May 12, 1978;

Amended Eff. October 1, 1988.

 

11 NCAC 07 .0106             REPORT AND PROOF OF LOSS FORM

All forms for submission of loss claims and other forms necessary for daily operation of the division in fulfilling its purpose shall be supplied by the division.  The form entitled "Report and Proof of Loss Form" shall require the claimant to provide information including, but not limited to, the name of the department or agency, division, building name, location, date of loss, description of loss, amount requested to repair building and supporting information to aid the division in making a recommendation for amount of payment to the Council of State.

 

History Note:        Authority G.S. 58-2-40; 58-31-55;

Eff. February 1, 1976;

Readopted Eff. May 12, 1978.

 

SECTION .0200 ‑ PLAN APPROVAL FOR STATE BUILDINGS

 

11 NCAC 07 .0201             PLAN REVIEW

All plans and specifications for new state‑owned buildings and renovations and additions to existing buildings shall be submitted to the State Property Fire Insurance Fund Division.  The division shall determine whether the plans and specifications are in compliance with the minimum requirements of the North Carolina Building Code and Standard Fire Codes.  In addition, greater than minimum requirements may be required in order to better assure protection for buildings and safety of occupants, as well as to meet underwriting standards for insurability.  The Division shall inform the designer of code violations and deficiencies and any corrections that may be necessary.  Upon final approval of the plans and specifications by the division, letters of approval shall be sent to the designer and to the Office of State Construction in the Department of Administration.

 

History Note:        Authority G.S. 58-2-40; 58-31-40;

Eff. February 1, 1976;

Readopted Eff. May 12, 1978;

Amended Eff. October 1, 1988.

 

11 NCAC 07 .0202             SUBMISSION OF PLANS

11 NCAC 07 .0203             CORRECTION OF PLANS

 

History Note:        Authority G.S. 58‑193;

Eff. February 1, 1976;

Readopted Eff. May 12, 1978;

Repealed Eff. October 1, 1988.

 

SECTION .0300 ‑ STATE PROPERTY FIRE INSURANCE FUND

 

 

11 NCAC 07 .0301             STATE PROPERTY FIRE INSURANCE FUND: PURPOSE AND FUNDING

11 NCAC 07 .0302             REINSURANCE

 

History Note:        Authority G.S. 58‑189 to 58‑191.2; S.L. 1975, Ch. 875;

Eff. February 1, 1976;

Readopted Eff. May 12, 1978;

Repealed Eff. October 1, 1988.

 

11 NCAC 07 .0303             LOSS ADJUSTMENT

The staff of the state property division shall investigate all losses reported to the department.  The Commissioner of Insurance shall make recommendations to the Governor and Council of State for any loss.

The claimant shall submit a "Report and Proof of Loss Form" in accordance with division procedures.  Said form must be signed by an authorized representative of the agency and include data in support of the claim.

 

History Note:        Authority G.S. 58-2-40; 58-31-10; 58-31-15; 58-31-20;

Eff. February 1, 1976;

Readopted Eff. May 12, 1978;

Amended Eff. October 1, 1988.

 

11 NCAC 07 .0304             INSURANCE PLACEMENT OTHER THAN UNDER THE FUND

Insurance coverage which is requested by agencies, but which is not available under the State Property Fire Insurance Fund, is placed by the division through the Agent of Record.  The Agent of Record shall acquire coverage from companies authorized to do business in North Carolina.

 

History Note:        Authority G.S. 58-2-40; 58-31-45; 58-31-50; 58-31-55;

Eff. February 1, 1976;

Readopted Eff. May 12, 1978;

Amended Eff. October 1, 1988.

 

11 NCAC 07 .0305             REVALUATION OF PROPERTY

In the revaluation of property, the division shall use recognized standards and methods for computing replacement costs of real and personal property.  Such methods may include, but are not limited to, factors of inflation and current construction indices.

 

History Note:        Authority G.S. 58-2-40; 58-31-10; 58-31-15; 58-31-20;

Eff. February 1, 1976;

Readopted Eff. May 12, 1978;

Amended Eff. October 1, 1988.

 

11 NCAC 07 .0306             INSPECTION OF STATE‑OWNED BUILDINGS

To insure the safety of the buildings and occupants therein, on‑site inspections of state‑owned buildings are made as required by statute to determine property conditions.

Upon completion of its inspection and evaluation of fire and other safety hazards, the division will report, verbally or in writing or both to the authority in charge of the agency, institution or department. Said authority is responsible for correction of any deficiencies which may have been found by the division in accordance with the applicable General Statutes.

 

History Note:        Authority G.S. 58-2-40; 58-31-40;

Eff. February 1, 1976;

Readopted Eff. May 12, 1978;

Amended Eff. October 1, 1988.