Sec. 8. (a) The department of insurance shall approve the actuarial soundness of the pension trust and the general method of operation of the police benefit fund before the police benefit fund begins operation.
(b) In addition to the annual report required by subsection (d), the department's books, reports, and accounts shall be open to inspection by the department of insurance at all times.
[Pre-2003 Recodification Citation: 10-1-2-7.]
As added by P.L.2-2003, SEC.3.
Structure Indiana Code
Article 12. State Police Pensions and Benefits
Chapter 2. Pension, Death, Disability, Survivor, and Other Benefits
10-12-2-1. Retention of Service Weapon; Badge; Identification Card
10-12-2-2. Pension Trust; Commingling Funds; Investment of Funds; Report; Termination
10-12-2-3. Qualification of Trust Under Internal Revenue Code; Benefit Limitations
10-12-2-4. Mortality Reserve Account
10-12-2-5. Disability Reserve Account; Additional Department Authority; Disability Pension Payments
10-12-2-6. Dependent's Pension Reserve Account
10-12-2-7. Police Benefit Fund; Duties of Trustee; Appropriations
10-12-2-8. Actuarial Soundness of Pension Trust; Inspection of Books and Accounts
10-12-2-9. Transfer of Funds to Police Benefit Fund; Rewards and Fees