2006 Nebraska Revised Statutes - § 44-7613 — Annual financial statement.

Section 44-7613
Annual financial statement.

(1) On an annual basis, each multiple employer welfare arrangement holding a certificate of registration shall file with the director a financial statement, attested to by the board of trustees and accompanied by a fee of two hundred dollars. The director shall review the financial statement and shall require additional filings as the director finds reasonably necessary to assure the legitimacy and the financial integrity of the multiple employer welfare arrangement.

(2) On an annual basis, a statement from a qualified actuary that the rates charged and reserves, both (a) incurred and (b) incurred but not reported, regarding sufficiency to pay claims and associated expenses for the health benefit plan shall be obtained and given to the director. The actuarial statement shall include a confirmation that the stop-loss insurance policy required by section 44-7609 is in force. The actuarial statement shall meet the requirements of any rules or regulations which shall be adopted and promulgated by the director.

Source:

Laws 2002, LB 1139, § 13

~Reissue Revised Statutes of Nebraska