Section 4412. Regulation under other laws

(a) Where the trustees of any
  employee welfare fund are subject to and comply with  any  law  of  this
  state  other  than  this article or the law of any other state or of the
  United  States  with  respect  to  registration,  filing,   examination,
  statements  or reports, such requirements of this article or any of them
  may be waived by the superintendent with respect to  any  such  fund  or
  trustees to the extent that they are included in such other laws.
    (b)  Application  for  such  a  waiver shall be made in writing to the
  superintendent on such forms as he may require and any waiver issued  by
  him shall be in writing and filed in his office.
    (c) The superintendent may, at any time, revoke any such waiver if, in
  his  opinion, such other laws fail to accomplish adequately the purposes
  of this article.