N.Y. Comp. Codes R. & Regs. Tit. 4 § 75.8 - Payments to group term life insurance fund
(a) The premiums required to insure covered
employees and retirees for any calendar month or biweekly payroll period shall
be due and payable to the fund on the last day of the calendar month or
biweekly payroll period, as the case may be.
(b) The comptroller or the chief fiscal
officer of the participating employer , as the case may be, shall pay to the
fund the premium deducted from the salary or wages of covered employees and
with respect to retirees, premiums deducted from a retirement allowance paid by
a public retirement system of the State.
(c) Each such payment by an employer shall be
accompanied by an accounting thereof to be set forth on an appropriate form
prescribed by the president.
(d)
Premiums due from employees or retirees eligible for coverage for whom
deduction pursuant to subdivision (b) of this section cannot be made shall be
made directly to the fund by such employee or retiree monthly.
(e) No monies in the fund, other than the
sums received therefor from the employer , shall be committed, encumbered or
advanced to pay for the coverage of the employees and retirees of such
employer .
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.