New York § 4401 Declaration of policy

New York Statutes

§ 4401 — Declaration of policy

New York § 4401

Law ISCInsurance

Art. 44Employee Welfare Funds

This text of New York § 4401 (Declaration of policy) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Insurance § 4401 (2026).

Text

§ 4401. Declaration of policy.

(a)It is declared to be the policy of\nthe state that employee welfare funds are of great benefit to employees\nand their families and that their growth should be encouraged; that the\nestablishment and management of such funds vitally affect the well-being\nof millions of people and are in the public interest.\n (b) It is further declared that such funds should be supervised by the\nstate to the extent necessary to protect the rights of employees and\ntheir families, without imposing burdens on the funds which might\ndiscourage their orderly growth and without duplicating the supervisory\nresponsibilities of any state agency.\n

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§ 4401. Declaration of policy. (a) It is declared to be the policy of\nthe state that employee welfare funds are of great benefit to employees\nand their families and that their growth should be encouraged; that the\nestablishment and management of such funds vitally affect the well-being\nof millions of people and are in the public interest.\n (b) It is further declared that such funds should be supervised by the\nstate to the extent necessary to protect the rights of employees and\ntheir families, without imposing burdens on the funds which might\ndiscourage their orderly growth and without duplicating the supervisory\nresponsibilities of any state agency.\n