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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) The Comptroller, in conducting the business of the program shall act: (1) With the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of like character and with like aims; (2) solely in the interests of the program's participants and beneficiaries; (3) for the exclusive purposes of providing benefits to participants and beneficiaries and defraying reasonable expenses of administering the program; and (4) in accordance with the provisions of section 31-71e, and sections 31-417 to 31-427, inclusive, and any other applicable sections of the general statutes.
(b) The Comptroller shall, to the extent reasonable and practicable, require any vendors engaged or appointed by the Comptroller to abide by the standard of care described in subsection (a) of this section.
Cite this article: FindLaw.com - Connecticut General Statutes Title 31. Labor § 31-421. Comptroller standard of care - last updated January 01, 2025 | https://codes.findlaw.com/ct/title-31-labor/ct-gen-st-sect-31-421/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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