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SECTION 4404

Examinations; requirement

Insurance (ISC) CHAPTER 28, ARTICLE 44

§ 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 in conformance with
generally accepted accounting principles and applicable regulations.