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250P
Handle: Version-48928
Owner: Newcomb, Kellee (User-147, 02075:EVERETT)DS
Thursday, February 17, 2011 10:28:50 AM PST
Thursday, January 19, 2017 03:03:33 PM PST
Modified By:
- 250P Page 1 of 1 FINANCE Fund Balance and Solvency In order to retain a stable financial base and comply with regulatory solvency requirements, the Trustees shall: 1. - Maintain sufficient funds to meet the Trust’s liquidity needs; 2. - Establish reserves in an amount equal to the sum of eight weeks of (i) claim costs for all benefits funded directly by the Trust, (ii) costs, and (iii) expenses; 3. - Maintain an aggregate stop-loss insurance policy with an attachment point set at or below one hundred twenty-five percent of annual expected claim costs for all benefits funded directly by the Trust; and 4. - In addition to establishing the reserves in item 2. - above, establish by resolu...
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Appears In: 250P