Pennsylvania Code
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COMMONWEALTH OF PENNSYLVANIA

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34 Pa. Code § 125.140. Change of trust agreement, bylaws or written policies; notification of insufficient assets.

§ 125.140. Change of trust agreement, bylaws or written policies; notification of insufficient assets.

 (a)  A fund shall promptly file with the Bureau amendments to its trust agreement or bylaws or amendments to its written policies which could materially affect the operation of the fund.

 (b)  A fund which knows, or should know, that it has insufficient assets to maintain actuarially appropriate loss reserves as defined under section 801 of the act (77 P. S. §  1036.1) shall immediately notify the Bureau in writing of this condition. With the notification, the fund shall inform the Bureau of its plan to correct the deficiency.


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