Utah Administrative Code (Current through November 1, 2019)

R590-273-7. Additional Actuarial Reserve

Related Notices

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  (1) Pursuant to Subsection 31A-44-402(2), the commissioner may require the additional reserve fund described in Subsection 31A-44-402(1) if the commissioner determines it is necessary pursuant to Subsection 31A-44-204(1)(a).

  (2) The additional reserve fund shall be determined by:

  (a) a qualified actuary; or

  (b) a person recognized by the commissioner as having comparable training or experience.

  (3) The commissioner may require an independent actuarial review to determine the adequacy of the additional actuarial reserve.

  (4) The provider will pay the reasonable costs of the actuarial review described in Subsection (3) pursuant to Subsection 31A-44-603(3).

                    
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