§ 99. Reports of state insurance fund. 1. The commissioners shall make
separate reports to the superintendent of financial services concerning
the state insurance fund at the same time and in the same manner as is
required from mutual employer's liability and workers' compensation
corporations by section three hundred seven of the insurance law, and
the superintendent of financial services may examine into the condition
of such state insurance fund at any time, either personally or by any
duly authorized examiner appointed by him for the purpose of determining
the condition of the investments and the adequacy of the reserves of
such fund and such other matters as shall be in the jurisdiction of the
superintendent of financial services.

2. The commissioners shall file annually with the state comptroller,
on or before June fifteenth, financial statements for the state
insurance fund audited by an independent auditor. Such statements shall
be prepared in the same manner as reports filed with the superintendent
of financial services under subdivision one of this section. A copy of
the independent auditor's report shall accompany any financial
statements submitted pursuant to this subdivision.