North Carolina § 58-10-760 - Definitions.

§ 58-10-760. Definitions.

The following definitions apply in this Part: CGAD or Corporate Governance Annual Disclosure. - A confidential report filed by an insurer or insurance group made in accordance with the requirements of this Part. Insurance group. - Those insurers and affiliates included within an insurance holding company system as defined in G.S. 58-19-5. Insurer. - Defined in G.S. 58-1-5 and includes a person subject to Articles 65 or 67 of this Chapter. Insurer does not include an agency, authority, or instrumentality of the United States; any of its possessions and territories; the Commonwealth of Puerto Rico; the District of Columbia; a state, or a political subdivision of a state. Senior management. - Any corporate officer responsible for reporting information to the board of directors at regular intervals or providing this information to shareholders or regulators and shall include the chief executive officer, chief financial officer, chief operations officer, chief procurement officer, chief legal officer, chief information officer, chief technology officer, chief revenue officer, and chief visionary officer. History (2019-57, s. 3(a).) Editor's Note. - Session Laws 2019-57, s. 3(b) provides: "If any provision of Section 3 other than G.S. 58-10-780 , or the application thereof to any person or circumstance, is held invalid, such determination shall not affect the provisions or applications of this section which can be given effect without the invalid provision or application, and to that end the provisions of this section, with the exception of G.S. 58-10-780 , are severable." Session Laws 2019-57, s. 3(c) made this section effective January 1, 2020, and provided, in part, that: "The first filing of the CGAD shall be made on or before June 1, 2020."