Section 1217. Vouchers for disbursements  


Latest version.
  • No domestic insurance company
      shall make any disbursement  of  one  hundred  dollars  or  more  unless
      evidenced  by  a  voucher  signed  by  or  on  behalf  of  the  payee as
      compensation for  goods  or  services  rendered  for  the  company,  and
      correctly   describing  the  consideration  for  the  payment.  If  such
      disbursement be for services and disbursements, such vouchers shall  set
      forth  the  services rendered and itemize the disbursements; if it is in
      connection with any matter pending before any legislative or public body
      or before any  government  department  or  officer,  the  voucher  shall
      correctly  describe  also  the  nature  of  the matter and the company's
      interest therein. If such a voucher is  unobtainable,  the  disbursement
      shall  be evidenced by a statement of an officer or responsible employee
      affirmed by him as true under the  penalties  of  perjury,  stating  the
      reasons therefor and setting forth the particulars above mentioned.