North Carolina Administrative Code
Title 11 - INSURANCE
Chapter 16 - ACTUARIAL SERVICES DIVISION
Section .0700 - HEALTH MAINTENANCE ORGANIZATION CLAIM RESERVE DATA REQUIREMENTS
Section 16 .0701 - DEFINITIONS
Universal Citation: 11 NC Admin Code 16 .0701
Current through Register Vol. 39, No. 6, September 16, 2024
As used in this Section:
(1) "Claim reserves" means reserves or liabilities held for claims incurred on or before the valuation date, but unpaid as of the valuation date. Claim reserves include both reported and unreported claims. Claim reserves are established for both accrued and unaccrued benefits.
(2) "Valuation date" means the date at which reserves are estimated.
Authority
G.S.
58-2-40;
58-67-135(b);
Eff. February 1, 1995;
Readopted Eff. October 1,
2018.
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