N.Y. Comp. Codes R. & Regs. tit. 2 § 152.23

Current through Register Vol. 46, No. 50, December 11, 2024

Section 152.23 - Acknowledgment

(a) Each actuary, administrative service agency or financial organization selected to provide services in connection with service award programs shall contractually agree to discharge its duties as a fiduciary to service award programs. In addition, when a financial organization is selected to perform duties in connection with investment matters, it shall contractually agree to discharge its duties as a fiduciary in accordance with the prudent expert standard of care.

N.Y. Comp. Codes R. & Regs. Tit. 2 § 152.23