Insurance Law 4410 — Legislation
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SECTION 4409
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ARTICLE 44
Employee Welfare Funds
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SECTION 4411
Account statements by insurance companies, service plans and corporate trustees and agents
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SECTION 4410
Annual report
Insurance (ISC) CHAPTER 28, ARTICLE 44
§ 4410. Annual report. (a) The trustees of every employee welfare fund
shall within five months after the close of the fiscal year used in
maintaining the records of such fund, annually file a report with the
superintendent to be known as the annual report.
(b) Such report shall be subscribed by the trustee of the fund, or if
there is more than one trustee it shall be subscribed by at least two
trustees, and affirmed by them as true under the penalties of perjury,
showing the condition and affairs of the fund during such fiscal year.
Such report shall be in such form and contain such matters as the
superintendent requires.
(c) Such annual report shall be kept on file with the superintendent
and at the principal office of the trustees. The report, or such portion
thereof as the superintendent deems appropriate, shall be made available
by the superintendent or by the trustees, or both, for inspection by any
employer contributing to such fund, by any labor organization which is a
party to an agreement establishing such fund, or by any employee covered
by such fund. In addition and to such extent that he deems it to be in
the public interest, the superintendent may require the trustees to mail
such report or such portions of it to any or all of such parties.