N.Y. Insurance Law 4411 – Account statements by insurance companies, service plans and corporate trustees and agents
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§ 4411. Account statements by insurance companies, service plans and corporate trustees and agents. Every insurance company, hospital, surgical or medical service plan providing benefits under an employee welfare fund, and any corporate trustee or agent holding or administering all or any part of such fund shall, within four months after the end of each policy or fiscal year, furnish to the trustees of the fund a statement of account containing the information relating to the fund as the trustees may need to comply with this article.
Terms Used In N.Y. Insurance Law 4411
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Trustee: A person or institution holding and administering property in trust.