UTAH CODE (Last Updated: January 16, 2015) |
Title 49. Utah State Retirement and Insurance Benefit Act |
Chapter 20. Public Employees' Benefit and Insurance Program Act |
Part 4. Insurance Program |
§ 49-20-402. Reserves to be held -- Refunds.
Latest version.
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(1) 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.
Amended by Chapter 130, 2007 General Session