North Carolina Department Of Insurance Continuing Care Advisory Committee Meeting Minutes
The committee conducted an orientation on Article 64A regarding the statutory framework for continuing care retirement communities and elected a Chair and Vice-Chair. Discussions covered the implementation of standardized disclosure statements, compliance with accessibility requirements for public-facing documents, and the upcoming deployment of a cloud-based enterprise platform for licensing and reporting. The committee reviewed its future advisory role regarding legislative initiatives, including distributions, related-party transactions, and entrance fee refunds, and explored potential subcommittee structures. Additionally, the committee addressed the Disclosure Statement Handbook, financial reporting procedures, and established a goal for meeting four times annually.