2 CRR-NY 152.23NY-CRR
2 CRR-NY 152.23
2 CRR-NY 152.23
152.23 Acknowledgment.
(a) Each actuary, administrative service agency or financial organization selected to provide services in connection with service award programs shall contractually agree to discharge its duties as a fiduciary to service award programs. In addition, when a financial organization is selected to perform duties in connection with investment matters, it shall contractually agree to discharge its duties as a fiduciary in accordance with the prudent expert standard of care.
2 CRR-NY 152.23
Current through August 31, 2022
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: JULY 31, 2023, is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Admisnistrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of the NYS Rules.