11 N.C. Admin. Code 18 .0104 - FINANCIAL
(a) A MEWA may
participate in a cash management program as long as the MEWA has direct access
to its funds at all times and the depository or custodian maintains a separate
accounting for each account. The depository or custodian must be a national or
state bank, savings and loan association, or trust company.
(b) No surplus note(s) or the interest
thereon shall be paid or repaid without the specific written approval of the
Department. If there is more than one surplus note, each note shall have its
own unique identification number in the upper left hand corner of each page of
the document.
Notes
Eff. August 3, 1992;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 16, 2014.
Eff. August 3, 1992.
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