Bill > S443

This bill requires counties and cities in North Carolina to mandate that benefit providers (such as insurance companies, agents, brokers, consultants, and third-party administrators) submit an annual compensation disclosure detailing all funds received from the local government for providing life, health, and other fringe benefits to employees, their dependents, and retirees. The disclosure must include a comprehensive breakdown of all income received, whether direct or indirect, encompassing commissions, bonuses, fees (including consulting and administrative service fees), and management compensation for shared risk arrangements. Additionally, providers must provide a formal affirmation that none of the compensation paid by the county or city has been provided to any local government employee or elected official, either directly or indirectly. The purpose of this bill appears to be increasing transparency in how local governments spend money on employee benefits and ensuring that there are no hidden financial arrangements between benefit providers and government personnel. The bill will take effect immediately upon becoming law and applies equally to both county and city governments across North Carolina.

https://www.ncleg.gov/BillLookUp/2025/S443