§ 4710 — Additional filing requirements and annual report

§ 4710. Additional filing requirements and annual report. (a) The\ngoverning board of the municipal cooperative health benefit plan shall:\n (1) file for approval with the superintendent a description of\nmaterial changes in any information provided in the application for\ncertificate of authority in the form and manner prescribed by the\nsuperintendent;\n (2) annually, not later than one hundred twenty days after the close\nof the plan year, file a report with the superintendent showing the\nfinancial condition and affairs of the plan (including an annual\nindependent financial audit statement and independent actuarial opinion)\nas of the end of the preceding plan year, in such form and providing\nsuch other information as the superintendent may prescribe and in\ncompliance with section three hundred seven of this chapter; and\n (3) file a report each quarter with the superintendent describing the\nplan's current financial status and providing such information as the\nsuperintendent may prescribe.\n (b) The plan's annual report shall be furnished to all municipal\ncorporations and to unions which are the exclusive collective bargaining\nrepresentatives of employees covered by the municipal cooperative health\nbenefit plan and shall be made available for inspection by any employee\nor retiree covered under the plan.\n