{"data":{"id":"us-nc/n.c.-gen.-stat.-58-93-40","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 58-93-40","heading":"Management and exclusive agreements; custodial agreements.","body":"(a)\tNo PHP shall enter into an exclusive management or custodial agreement unless the agreement is first filed with the Commissioner and approved under this section within (i) 45 days after filing or (ii) a reasonable extended period as specified by notice from the Commissioner given within a 45-day period after filing.\n(b)\tThe Commissioner shall disapprove an agreement submitted under subsection (a) of this section if the Commissioner determines that the agreement does any of the following:\n(1)\tSubjects the PHP to excessive charges.\n(2)\tExtends for an unreasonable period of time.\n(3)\tDoes not contain fair and adequate standards of performance.\n(4)\tEnables persons under the contract to manage the PHP who are not sufficiently trustworthy, competent, experienced, and free from conflict of interest to manage the PHP with due regard for the interests of its enrollees, creditors, or the public.\n(5)\tContains provisions that impair the interests of the PHP's enrollees, creditors, or the public. (2018-49, s. 1(a).)","path":["Chapter 58. Insurance.","Article 93. Prepaid Health Plan Licensing Act."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_58/GS_58-93-40.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:06:53Z","sha256":"327d48b6f0d732e6d6dca54f086c5ed625962025b89b5014dd1d3f51789948a7","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-58-93-35","next":"us-nc/n.c.-gen.-stat.-58-93-45"},"notice":"GroundRules: Original legal text. Not legal advice."}