4402 – Definitions.
§ 4402. Definitions. In this article: (a) “Employee welfare fund” or “fund” means any trust fund or other fund established or maintained jointly by one or more employers together with one or more labor organizations, whether directly or through trustees, to provide employee benefits by the purchase of insurance or annuity contracts or otherwise, and […]
4403 – Registration.
§ 4403. Registration. (a) The trustees of every employee welfare fund shall register such fund with the superintendent within three months of commencing to do business in this state. Such registration shall be in such form and shall contain such information relating to the organization, operations and affairs of such fund as may be prescribed […]
4404 – Examinations; Requirement.
§ 4404. Examinations; requirement. (a) The superintendent may examine into the affairs of any employee welfare fund as often as he deems it necessary, and he shall do so at least once in every five years. (b) The trustees of every fund shall be responsible for the maintenance of accurate records and books of account […]
4401 – Declaration of Policy.
§ 4401. Declaration of policy. (a) It is declared to be the policy of the state that employee welfare funds are of great benefit to employees and their families and that their growth should be encouraged; that the establishment and management of such funds vitally affect the well-being of millions of people and are in […]