§ 169-1 – Short title; definitions.
169-1. Short title; definitions. (a) This Chapter shall be known and may be cited as the "North Carolina Regulatory Sandbox Act of 2021." (b) The following definitions apply in this Chapter: (1) Applicable State agency. – The Office of the Commissioner of Banks or the Department of Insurance, based upon either’s regulatory oversight and responsibility […]
§ 169-2 – Legislative findings.
169-2. Legislative findings. (a) The General Assembly finds that the banking and insurance industry is a major economic driver for the State. The General Assembly also finds that FinTech, InsurTech, and other emerging technologies are undergoing a transformational period and providing greater automation, connectivity, transparency, and opportunity for related products and services. The General Assembly […]