Local Govts/Compensation Disclosure.

SB 443 requires counties and cities in North Carolina to obtain annual compensation disclosures from providers of employee benefits, such as life insurance, health plans, or retirement benefits. These providers - including brokers, consultants, and insurance companies - must report all funds paid to them (like commissions, fees, or bonuses) and affirm that no compensation was given to county or city employees or officials. The bill directly affects local governments (as recipients of disclosures) and benefit providers (as submitters of reports), aiming to increase transparency in how public funds are spent on employee benefits. It applies to all benefits provided to current employees, their dependents, and retirees. The law would take effect upon enactment, though it is currently pending in the Senate Rules Committee.