{"data":{"id":"us-nc/n.c.-gen.-stat.-58-10-755","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 58-10-755","heading":"Purpose and scope.","body":"(a)\tThe purpose of this Part is to:\n(1)\tProvide the Commissioner a summary of an insurer or insurance group's corporate governance structure, policies, and practices to permit the Commissioner to gain and maintain an understanding of the insurer's corporate governance framework.\n(2)\tOutline the requirements for completing a corporate governance annual disclosure with the Commissioner.\n(3)\tProvide for the confidential treatment of the corporate governance annual disclosure and related information that will contain confidential and sensitive information related to an insurer or insurance group's internal operations and proprietary and trade-secret information which, if made public, could potentially cause the insurer or insurance group competitive harm or disadvantage.\n(4)\tSet forth the procedures for filing and the required contents of the Corporate Governance Annual Disclosure.\n(b)\tNothing in this Part shall be construed to prescribe or impose corporate governance standards and internal procedures beyond that which is required under applicable state corporate law. Notwithstanding the foregoing, nothing in this Part shall be construed to limit the Commissioner's authority, or the rights or obligations of third parties, under G.S. 58-2-131 through G.S. 58-2-134.\n(c)\tThe requirements of this Part shall apply to all insurers domiciled in this State. (2019-57, s. 3(a).)","path":["Chapter 58. Insurance.","Article 10. Miscellaneous Insurer Financial Provisions.","Part 11. Corporate governance annual disclosure."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_58/GS_58-10-755.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:06:53Z","sha256":"e202746bac783292012ff90787fb0c6457f5c8a8d5b42a59e94c75d4b8b3cb8c","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-58-10-745","next":"us-nc/n.c.-gen.-stat.-58-10-760"},"notice":"GroundRules: Original legal text. Not legal advice."}