North Carolina S443 mandates annual compensation disclosures from benefit providers to counties and cities.
North Carolina S443 requires providers of life, health, or other insurance and fringe benefits to submit annual compensation disclosures to counties and cities. These disclosures must detail all income paid to the provider, including commissions, bonuses, fees, and management compensation. The bill also mandates an affirmation that no compensation has been provided to any county or city employee or elected official. This applies to various types of providers, such as agents, brokers, consultants, and insurance companies.
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