N.Y. Insurance Law § 4407: Examinations; expenses

§ 4407. Examinations; expenses. (a) The expenses of every examination

of the affairs of any employee welfare fund, including any appraisal of

an interest in real property, made pursuant to any provision of this

chapter, shall be paid by the employee welfare fund examined.

(b) For any such examination by the superintendent or a deputy

superintendent personally, the charge shall be only for necessary

travelling expenses and other actual expenses. In all other cases the

expenses of examination shall also include reimbursement for the

compensation paid for the services of persons employed by the

superintendent or by his authority to make such examination or

appraisal.

(c) Notwithstanding the provisions of subsection (a) or (b) hereof:

(1) funds with contributions of less than thirty thousand dollars, as

reported in the annual statement filed with the superintendent for the

latest fiscal year covered by the examination, the charge shall not

exceed three hundred dollars;

(2) funds with contributions between thirty thousand dollars and one

hundred fifty thousand dollars the charge shall not exceed one percent

of such contributions;

(3) the superintendent, with the approval of the comptroller, may in

his discretion for good cause shown remit or reduce such charges.

(d) All charges, including necessary travelling and other actual

expenses, as audited and paid by the comptroller to the persons making

the examination or appraisal, shall be presented to the trustees of the

employee welfare fund in the form of a copy of the itemized bill as

certified and approved by the superintendent or by any deputy

superintendent or authorized employee of the department. Upon receiving

such certified copy, such trustees shall pay the amount thereof to the

superintendent, to be paid by him into the state treasury.