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§ 1036.15. Annual report

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 77 P.S. Workers’ Compensation

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 77 P.S. Workers' Compensation (Refs & Annos)
Chapter 7C. Self-Insurance Pooling (Refs & Annos)
77 P.S. § 1036.15
§ 1036.15. Annual report
Currentness
(a) A report shall be prepared by each fund for each annual reporting period and shall be filed with the department and made available to each fund member.
(b) The information contained in the annual report shall include, for each member of the fund and the fund itself:
(1) Summary loss reports.
(2) An annual statement of the financial condition of the fund prepared by a certified public accountant and performed in accordance with generally accepted accounting principles.
(3) Reports of outstanding liabilities showing the number of claims, amounts paid to date and current reserves as certified by an independent actuary.
(4) Such other information as required by regulation of the department as may be applicable to applicants for self-insurance under section 3051 and the Occupational Disease Act or regulations in regard to fund applications.
(c) The annual report shall be accompanied by a one thousand dollar evaluation fee.
(d) The department may, at any time, examine the affairs, transactions, accounts, records and assets of a fund, and the fund shall make all such items as are needed for such examination available to the department. The department shall bill the fund for the reasonable costs associated with such examinations.
(e) If at any time there is a change in the fund during an annual reporting period other than as set forth in section 8082 that affects the ability of the fund to comply with the requirements of section 802(b),3 the fund shall notify the department of the change within thirty (30) days after such change.

Credits

1915, June 2, P.L. 736, No. 338, art. VIII, § 815, added 1993, July 2, P.L. 190, No. 44, § 20, effective in 120 days.

Footnotes

1
77 P.S. § 501.
2
77 P.S. § 1036.8.
3
77 P.S. § 1036.2.
77 P.S. § 1036.15, PA ST 77 P.S. § 1036.15
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document