18 CRR-NY 725.4NY-CRR
18 CRR-NY 725.4
18 CRR-NY 725.4
725.4 Administration.
(a) The board is authorized to execute a contract with an insurance company, licensed by the State Insurance Department, for such insurance company to administer the plan in accordance with the terms and conditions therein, subject to all applicable requirements of the State Insurance Law and of the State Insurance Department.
(b) The board is authorized to make such payments from the pension fund to such insurance company as may be necessary to initiate and continue the proper execution and administration of the plan.
18 CRR-NY 725.4
Current through July 31, 2021
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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.