§ 25-307. Determining financial condition of group

Latest version.

   The Commissioner may:

   (1) require actuarial studies and audits to determine the financial solvency of each self-insurance group as often as the Commissioner desires;

   (2) assess each self-insurance group an annual amount of not more than $ 500 to be used for the actuarial studies and audits; and

   (3) require an annual report that may include payroll audit reports, summary loss reports, and quarterly financial statements.

HISTORY: An. Code 1957, art. 48A, § 609; 1996, ch. 11.

                    
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