§ 54-03-25 — Bills and amendments affecting workforce safety and insurance fund - Actuarial impact statement

Actuarial impact statement.
Workforce safety and insurance shall review any legislative measure affecting workforce
safety and insurance benefits or premium rates to determine whether the measure will have an
actuarial impact on the workforce safety and insurance fund. If the organization determines that
the measure will have an actuarial impact on the fund, the organization shall submit, before the
measure is acted upon, an actuarial impact statement prepared, at the expense of the
organization, by the actuary employed by the organization. The organization shall review any
amendment affecting workforce safety and insurance benefits or premium rates and shall
submit, before the amendment is acted upon, either a statement prepared by the organization,
stating that the amendment is not expected to have any actuarial impact on the workforce safety
and insurance fund, or an actuarial impact statement prepared, at the expense of the
organization, by the actuary employed by the organization.