Section 109-F. Expenses of administration


Latest version.
  • The expense of administering the
      fund shall be paid out of the fund. Prior to the first days of  January,
      April,  July and October there shall be submitted to the director of the
      budget  for  approval  an  estimated  budget  of  expenditures  for  the
      succeeding  three  months.  There may not be expended for the purpose of
      administering the fund more  than  the  amounts  as  authorized  by  the
      director  of  the budget. The superintendent of insurance shall serve as
      administrator of the fund without additional compensation,  but  may  be
      allowed  and  paid from the fund expenses incurred in the performance of
      his duties in connection  with  the  fund.  The  compensation  of  those
      persons  employed by the superintendent of insurance, within the amounts
      approved by the director of the budget, shall be  deemed  administration
      expense  payable  from  the  fund. The superintendent of insurance shall
      include in his annual report to  the  legislature  a  statement  of  the
      expense of administering the fund for the preceding year.