Any director, officer, trustee, manager, or partner of a PHP who receives, collects, disburses, or invests funds in connection with the activities of the PHP shall be responsible for those funds in a fiduciary relationship to the enrollees and to the State.
N.C. Gen. Stat. § 58-93-45
Fiduciary responsibilities
Known as the Prepaid Health Plan Licensing Act
The act spans §§ 58–58 (25 sections).
2018-49, s. 1(a).
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.