AN ACT TO PROVIDE FOR PRINCIPLE‑BASED VALUATION IN THE LIFE INSURANCE STANDARD VALUATION LAW AND STANDARD NONFORFEITURE PROVISIONS IN THE NORTH CAROLINA INSURANCE LAW; TO MAKE CONFORMING AND CLARIFYING CHANGES TO THE LAWS GOVERNING PROFESSIONAL EMPLOYER ORGANIZATIONS, INSURANCE COMPANY DEPOSITS, CONTINUING CARE RETIREMENT COMMUNITIES, HEALTH INSURANCE EXTERNAL REVIEW, AND INSURANCE COMPANY NAMES; TO REVISE INSURANCE POLICY RENEWAL PROVISIONS; TO AMEND THE DEFINITION OF SMALL EMPLOYER; AND TO MAKE TECHNICAL CORRECTIONS. Enacted October 22, 2015. Sections 1 and 2 of Part I are effective on the operative date of the manual of valuation instructions adopted by the National Association of Insurance Commissioners as provided in GS 58-58-51. Section 9 of Part II and Part IV are effective January 1, 2016. The remainder is effective October 22, 2015.