2005 Idaho Code - 41-4110 — RESERVES

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 41
              JOINT PUBLIC AGENCY SELF-FUNDED HEALTH CARE PLANS
    41-4110.  RESERVES. (1) A joint public agency self-funded plan shall
establish and maintain in its trust fund the following reserves:
    (a)  A reserve in an amount as certified by a member of the American
    academy of actuaries as being necessary for payment of claims against the
    trust fund for benefits, including both claims reported and not yet paid
    and claims incurred but not yet reported. Any joint public agency
    self-funded plan in existence as of July 1, 2006, shall also have three
    (3) years from the effective date of this act to fund the applicable
    reserves.
    (b)  If under the plan periodic contributions of either the employer or
    employees to the trust fund are payable less frequently than monthly,
    there shall be a reserve for unearned contributions as computed pro rata
    on the basis of the unexpired portion of the period for which the
    contribution has been paid.
    (2)  In any determination of the financial condition of the trust fund the
claims reserve and reserve for unearned contributions shall constitute
liabilities.