WAC 200-100-060: Standards for management and operations—State risk manager reports

Link to law: http://apps.leg.wa.gov/wac/default.aspx?cite=200-100-060
Published: 2015

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WACs > Title 200 > Chapter 200-100 > Section 200-100-060











200-100-050    

200-100-065







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WAC 200-100-060









Standards for management and operations—State risk manager reports.









(1) Every joint property and liability self-insurance program authorized to transact business in the state of Washington shall submit the annual report to the state risk manager. (2) The annual report to the state risk manager shall require the following information to be submitted in electronic form: (a) Unaudited annual financial statements, including attestation, as provided to the state auditors office; (b) Actuarial reserve review report on which the net claims liabilities at fiscal year end reported in the unaudited financial statements are based; (c) Copies of all insurance coverage documents; (d) List of contracted consultants; (e) Details of changes in articles of incorporation, bylaws or interlocal agreement; (f) Details of services provided by contract to nonmembers; (g) List of members added or terminated. Such reports shall be submitted to the state risk manager no later than one hundred fifty days following the completion of the joint program's fiscal year. (3) Audited financial statements shall be provided to the state risk manager within eight months of the program's fiscal year end and comply with requirements for submission of audited financial statements established by the state risk manager. (4) All joint self-insurance programs shall submit quarterly financial reports if, in the estimation of the state risk manager, the financial condition of a program warrants additional quarterly reporting requirements. (5) Failure to provide required financial reports may result in corrective action by the state risk manager. Such actions may include: (a) Increase in frequency of examinations, the cost of which shall be the responsibility of the program; (b) On-site monitoring by the state risk manager; (c) Service of a cease and desist order upon the program. [Statutory Authority: 2015 c 109. WSR 15-22-011, § 200-100-060, filed 10/22/15, effective 11/22/15. Statutory Authority: RCW 48.62.061. WSR 14-05-079, § 200-100-060, filed 2/18/14, effective 1/1/15. Statutory Authority: 2011 c 43. WSR 11-23-093, recodified as § 200-100-060, filed 11/17/11, effective 11/17/11. Statutory Authority: RCW 48.62.061. WSR 10-01-072, § 82-60-060, filed 12/14/09, effective 1/14/10; WSR 05-04-072, amended and recodified as § 82-60-060, filed 2/1/05, effective 3/4/05. Statutory Authority: Chapter 48.62 RCW. WSR 93-16-079, § 236-22-060, filed 8/3/93, effective 9/3/93.]
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