Nebraska Administrative Code
Topic - INSURANCE, DEPARTMENT OF
Title 210 - NEBRASKA DEPARTMENT OF INSURANCE
Chapter 47 - GROUP SELF-INSURANCE RULE IMPLEMENTING THE INTERGOVERNMENTAL RISK MANAGEMENT ACT
Section 210-47-012 - Annual report of affairs and examinations
Current through September 17, 2024
012.01 The report required under Neb. Rev. Stat. § 44-4310 shall show all contributions received by the pool for membership in the pool during the previous calendar year. Such annual statements shall use insurance statutory accounting principles and shall include an actuarial or loss reserve specialist opinion on claim or loss reserves and loss adjusting expense reserves.
012.02 A pool discounting claim or loss reserves shall disclose the discounting of claim or loss reserves in its annual and other financial statements in a manner which will accurately reflect the effect of discounting of claim or loss reserves on the pool's financial condition.
012.03 The reasonable expenses for examination of the business affairs, records, and assets of each pool conducted by the Department pursuant to Neb.Rev.Stat. § 44-4310(2) shall be determined by the director. Each pool shall be responsible for the payment of the determined expenses to the director within a reasonable time after the receipt of the statement for such expenses. The expenses shall be limited to a reasonable allocation for the salary of each examiner plus actual expenses.
