New York Codes, Rules and Regulations
Title 18 - DEPARTMENT OF SOCIAL SERVICES
Chapter II - Regulations of the Department of Social Services
Subchapter J - COMMISSION FOR THE BLIND AND VISUALLY HANDICAPPED
Part 725 - Pension Plan For Blind Vending Stand Operators
Section 725.4 - Administration
Universal Citation: 18 NY Comp Codes Rules and Regs ยง 725.4
Current through Register Vol. 45, No. 52, December 27, 2023
(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.
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