Creation of the State Employees’ Assurance Department; management of the department; membership of the board of directors

Compensation of directors. Election of a chairman of the board of directors; employment of administrative and clerical assistants; actuarial and other services; payment of departmental expenses. Power of the board of directors to establish rules and regulations. Scope of authority of the department; application of certain other insurance laws. Duty to keep data for actuarial valuations.