Utah Code § 49-20-402. Reserves to be held–Refunds: Public Employees’ Benefit and Insurance Program Act – Utah

Status: Enacted
Year Enacted: 1987
Year Amended: 2007
File: Download

The reserves in a risk pool in a given fiscal year shall be maintained at the level recommended by the program’s consulting actuary and approved or ratified by the board. If the reserves drop below that level, covered employers in the risk pool are required to cure any deficiency in the reserve.

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