Department of Administration : Report On Examination of Financial Statements 1976
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The checks should be deposited promptly, and the division should prepare schedules to deter- mine if each insurer has paid its full share of the loss.
RECOMMENDATION We recommend that the department promptly deposit insurance reim- bursement checks.
Self-Insurance Beginning July 1, 1977, the Department of Administration began a self-insurance program for its comprehensive general liability and auto- mobile insurance policxes. The 1977 legislature authorized establishing -26- a self-insurance pr...ogram under Title 82, Section 43, R.C.M. 1947. The legislature also established a $2.5 million reserve fund for self- insurance. The reserve is a loan and must be repaid after ten years.
Under the new program, the Insurance and Legal Division will con- tinue to bill state agencies for the cost of premiums. The administrator of the Insurance and Legal Division stated that the state will perform its own investigative work and will hire attorneys as needed.
The division may pay claims from appropriated money.
What to read after Department of Administration : Report On Examination of Financial Statements 1976?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Office of the Legislative Auditor to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The checks should be deposited promptly, and the division should prepare schedules to deter- mine if each insurer has paid its full share of the loss.
RECOMMENDATION We recommend that the department promptly deposit insurance reim- bursement checks.
Self-Insurance Beginning July 1, 1977, the Department of Administration began a self-insurance program for its comprehensive general liability and auto- mobile insurance policxes. The 1977 legislature authorized establishing -26- a self-insurance pr...ogram under Title 82, Section 43, R.C.M. 1947. The legislature also established a $2.5 million reserve fund for self- insurance. The reserve is a loan and must be repaid after ten years.
Under the new program, the Insurance and Legal Division will con- tinue to bill state agencies for the cost of premiums. The administrator of the Insurance and Legal Division stated that the state will perform its own investigative work and will hire attorneys as needed.
The division may pay claims from appropriated money.
What to read after Department of Administration : Report On Examination of Financial Statements 1976?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Office of the Legislative Auditor to read onlineMoreLess
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