Overview

The Foreign Fire Insurance Board shall manage and administer the money in the Foreign Fire Insurance Fund as required by state statute for the maintenance, use, and benefit of the Fire Department. The President of the Foreign Fire Insurance Board (or, in the President's absence, the Vice President) shall preside over all meetings of such board. The Foreign Fire Insurance Board shall have the power to adopt additional rules and regulations for the management and operation of the Foreign Fire Insurance Board and Foreign Fire Insurance Fund not inconsistent with the provisions of this Code; provided that such rules and regulations shall be subject to the requirements of section 2-263 of this Code.