(a) The Secretary of the Department of Shared Administrative Services and the State Board of Finance shall report annually to the Legislative Council, or if the General Assembly is in session, the Joint Budget Committee, on the status of the State Captive Insurance Program.
(b) The annual report required under subsection (a) of this section shall:(1) Be known as the “State Captive Insurance Program Annual Report”;(2) Be submitted to the Legislative Council or, if the General Assembly is in session, the Joint Budget Committee, no later than thirty (30) calendar days after the end of each plan year; and(3) Include without limitation the following information regarding the program:(A) A detailed statement of investments and earnings;(B) A new or significantly modified cost-containment measure;(C) Any change in plan options offered under the program;(D) Potential funding changes to the program;(E) Any premium increases or decreases over the previous plan year;(F) Any concern involving the reserve balance for the program;(G) Changes to the current calendar year projections and the three-year projections for the program;(H) Changes that would limit, eliminate, or increase benefits of plan options offered under the program and the impact these changes would have on the fiscal viability of the program, including the reserve balance for the program;(I) Changes that would limit, eliminate, or increase eligibility requirements for the program;(J) Vendor or broker issues or changes in vendors or brokers from the previous year;(K) Proposed contracts or changes in contracts from the previous year;(L) Any change in consultants from the previous year;(M) Rules promulgated by the Department of Shared Administrative Services or the secretary regarding the implementation, administration, or enforcement of the program; and(N) Such other matters related to the program as the Legislative Council considers necessary to perform its oversight of all matters related to the program.
(1) Be known as the “State Captive Insurance Program Annual Report”;
(2) Be submitted to the Legislative Council or, if the General Assembly is in session, the Joint Budget Committee, no later than thirty (30) calendar days after the end of each plan year; and
(3) Include without limitation the following information regarding the program:(A) A detailed statement of investments and earnings;(B) A new or significantly modified cost-containment measure;(C) Any change in plan options offered under the program;(D) Potential funding changes to the program;(E) Any premium increases or decreases over the previous plan year;(F) Any concern involving the reserve balance for the program;(G) Changes to the current calendar year projections and the three-year projections for the program;(H) Changes that would limit, eliminate, or increase benefits of plan options offered under the program and the impact these changes would have on the fiscal viability of the program, including the reserve balance for the program;(I) Changes that would limit, eliminate, or increase eligibility requirements for the program;(J) Vendor or broker issues or changes in vendors or brokers from the previous year;(K) Proposed contracts or changes in contracts from the previous year;(L) Any change in consultants from the previous year;(M) Rules promulgated by the Department of Shared Administrative Services or the secretary regarding the implementation, administration, or enforcement of the program; and(N) Such other matters related to the program as the Legislative Council considers necessary to perform its oversight of all matters related to the program.
(A) A detailed statement of investments and earnings;
(B) A new or significantly modified cost-containment measure;
(C) Any change in plan options offered under the program;
(D) Potential funding changes to the program;
(E) Any premium increases or decreases over the previous plan year;
(F) Any concern involving the reserve balance for the program;
(G) Changes to the current calendar year projections and the three-year projections for the program;
(H) Changes that would limit, eliminate, or increase benefits of plan options offered under the program and the impact these changes would have on the fiscal viability of the program, including the reserve balance for the program;
(I) Changes that would limit, eliminate, or increase eligibility requirements for the program;
(J) Vendor or broker issues or changes in vendors or brokers from the previous year;
(K) Proposed contracts or changes in contracts from the previous year;
(L) Any change in consultants from the previous year;
(M) Rules promulgated by the Department of Shared Administrative Services or the secretary regarding the implementation, administration, or enforcement of the program; and
(N) Such other matters related to the program as the Legislative Council considers necessary to perform its oversight of all matters related to the program.