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This entry was published on 2014-09-22
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Vouchers for disbursements
Insurance (ISC) CHAPTER 28, ARTICLE 12
§ 1217. Vouchers for disbursements. No domestic insurance company
shall make any disbursement of one hundred dollars or more unless
evidenced by a voucher signed by or on behalf of the payee as
compensation for goods or services rendered for the company, and
correctly describing the consideration for the payment. If such
disbursement be for services and disbursements, such vouchers shall set
forth the services rendered and itemize the disbursements; if it is in
connection with any matter pending before any legislative or public body
or before any government department or officer, the voucher shall
correctly describe also the nature of the matter and the company's
interest therein. If such a voucher is unobtainable, the disbursement
shall be evidenced by a statement of an officer or responsible employee
affirmed by him as true under the penalties of perjury, stating the
reasons therefor and setting forth the particulars above mentioned.