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8. Procedure 250P, Fund Balance and Solvency
Handle: Version-89293
Owner: Newcomb, Kellee (User-147, 02075:EVERETT)DS
Monday, November 13, 2017 03:45:42 PM PST
Monday, September 17, 2018 10:37:35 PM PDT
Modified By:
- PROPOSED REVISION 250P Page 1 of 1 FINANCE Fund Balance and Solvency In order to retain a stable financial base and comply with applicable regulatory solvency requirements, the Trustees shall: 1. - Maintain sufficient funds to meet the Trust’s liquidity needs which includes maintaining reserves in an amount determined by the Trustees to be necessary to fund insurance premium costs for the fully insured Trust benefits; 2. - Establish reserves in an amount equal to the sum of three months of insurance premium costs for fully insured Trust benefits; 23. - If the Trust self-insures any Trust benefits, maintain an aggregate stop-loss insurance policy with an attachment point set ...
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Appears In: 8. Procedure 250P, Fund Balance and Solvency