Labor and Labor Relations
Rhode Island Uninsured Employers Fund
§ 28-53-5 Establishment of reserves
Disbursement of excess funds.
When the balance of the fund, following the deduction of operating expenses,
reserves, claims, administration costs and all other reasonable and necessary
costs and expenses, exceeds the sum of five million dollars ($5,000,000) the
director is authorized to determine by experience or other appropriate
accounting and actuarial method what percentage of the payment collected by the
fund pursuant to the provisions of Rhode Island general laws subsection
28-53-2(a) is needed to maintain the fund at the five million dollar
($5,000,000) level for the following twelve (12) months and shall certify the
same and shall make such calculations on or before May 10 of each year
History of Section.
(P.L. 2007, ch. 509, § 1.)