(a) The provisions ofthis Article shall be administered by the Department of State Treasurer and theBoard of Trustees of the Teachers' and State Employees' Retirement System andall expenses in connection with the administration of the Plan, except forexpenses incurred by and properly charged to the employer, shall be chargedagainst and paid from the trust fund as created and provided in this Article.
(b) The Plan shall havethe power and privileges of a corporation and under the name of DisabilityIncome Plan of North Carolina shall all of its business be transacted, all ofits funds invested and all of its cash, securities and other property be held.
(c) The Department ofState Treasurer and the Board of Trustees shall have the full power andauthority to adopt rules for the administration of the Plan not inconsistentwith the provisions of this Article. The Department of State Treasurer and theBoard of Trustees may appoint those agents, contractors, and employees as theydeem advisable to carry out the terms and conditions of the Plan.
(d) The Department ofState Treasurer and the Board of Trustees shall designate a Medical Board to becomposed of not fewer than three nor more than five physicians not eligible forbenefits under the Plan. Other physicians, medical clinics, institutions oragencies may be employed to conduct such medical examinations and testsnecessary to provide the Medical Board with clinical evidence as may be neededto determine eligibility for benefits under the Plan. The Medical Board shallinvestigate the results of medical examinations, clinical evidence, allessential statements and certifications by and on behalf of applicants forbenefits and shall report in writing to the Board of Trustees the conclusionsand recommendations upon all matters referred to it.
(e) The Department ofState Treasurer and the Board of Trustees may provide the benefits according tothe terms and conditions of the Plan as provided in this Article either bypurchasing a contract or contracts with any insurance company licensed to dobusiness in this State or by establishing a separate trust fund qualified underSection 501(c)(9) of the Internal Revenue Code of 1986. (1987,c. 738, s. 29(q).)
(a) The provisions ofthis Article shall be administered by the Department of State Treasurer and theBoard of Trustees of the Teachers' and State Employees' Retirement System andall expenses in connection with the administration of the Plan, except forexpenses incurred by and properly charged to the employer, shall be chargedagainst and paid from the trust fund as created and provided in this Article.
(b) The Plan shall havethe power and privileges of a corporation and under the name of DisabilityIncome Plan of North Carolina shall all of its business be transacted, all ofits funds invested and all of its cash, securities and other property be held.
(c) The Department ofState Treasurer and the Board of Trustees shall have the full power andauthority to adopt rules for the administration of the Plan not inconsistentwith the provisions of this Article. The Department of State Treasurer and theBoard of Trustees may appoint those agents, contractors, and employees as theydeem advisable to carry out the terms and conditions of the Plan.
(d) The Department ofState Treasurer and the Board of Trustees shall designate a Medical Board to becomposed of not fewer than three nor more than five physicians not eligible forbenefits under the Plan. Other physicians, medical clinics, institutions oragencies may be employed to conduct such medical examinations and testsnecessary to provide the Medical Board with clinical evidence as may be neededto determine eligibility for benefits under the Plan. The Medical Board shallinvestigate the results of medical examinations, clinical evidence, allessential statements and certifications by and on behalf of applicants forbenefits and shall report in writing to the Board of Trustees the conclusionsand recommendations upon all matters referred to it.
(e) The Department ofState Treasurer and the Board of Trustees may provide the benefits according tothe terms and conditions of the Plan as provided in this Article either bypurchasing a contract or contracts with any insurance company licensed to dobusiness in this State or by establishing a separate trust fund qualified underSection 501(c)(9) of the Internal Revenue Code of 1986. (1987,c. 738, s. 29(q).)
(a) The provisions ofthis Article shall be administered by the Department of State Treasurer and theBoard of Trustees of the Teachers' and State Employees' Retirement System andall expenses in connection with the administration of the Plan, except forexpenses incurred by and properly charged to the employer, shall be chargedagainst and paid from the trust fund as created and provided in this Article.
(b) The Plan shall havethe power and privileges of a corporation and under the name of DisabilityIncome Plan of North Carolina shall all of its business be transacted, all ofits funds invested and all of its cash, securities and other property be held.
(c) The Department ofState Treasurer and the Board of Trustees shall have the full power andauthority to adopt rules for the administration of the Plan not inconsistentwith the provisions of this Article. The Department of State Treasurer and theBoard of Trustees may appoint those agents, contractors, and employees as theydeem advisable to carry out the terms and conditions of the Plan.
(d) The Department ofState Treasurer and the Board of Trustees shall designate a Medical Board to becomposed of not fewer than three nor more than five physicians not eligible forbenefits under the Plan. Other physicians, medical clinics, institutions oragencies may be employed to conduct such medical examinations and testsnecessary to provide the Medical Board with clinical evidence as may be neededto determine eligibility for benefits under the Plan. The Medical Board shallinvestigate the results of medical examinations, clinical evidence, allessential statements and certifications by and on behalf of applicants forbenefits and shall report in writing to the Board of Trustees the conclusionsand recommendations upon all matters referred to it.
(e) The Department ofState Treasurer and the Board of Trustees may provide the benefits according tothe terms and conditions of the Plan as provided in this Article either bypurchasing a contract or contracts with any insurance company licensed to dobusiness in this State or by establishing a separate trust fund qualified underSection 501(c)(9) of the Internal Revenue Code of 1986. (1987,c. 738, s. 29(q).)
