Board required to determine, account for and report to Commissioner net loss. On or before March 1 of each year, the Board shall determine, separately account for and report to the Commissioner the net loss of the Program of Reinsurance for the previous calendar year, including administrative expenses and incurred losses for that year. Such a determination and accounting must take into account any investment income and other appropriate gains and losses for reinsured small employers and eligible employees and their dependents and for reinsured eligible persons.
Last modified: February 27, 2006