§ 50-6-620 — Contents of annual report

The board shall annually report to the general assembly, governor, and the director of the division of state audit the operations of the fund up to that date. The report shall include, but not be limited to: (1) The volume of premiums insured through the state fund and its share of the state workers' compensation insurance market; (2) The percent division of premium dollars among various types of benefit payments and administrative costs for policies and claims under the state fund; (3) The average rate of return enjoyed by the state fund on its invested assets; (4) Recommendations concerning desirable changes in the state fund to promote its prompt and efficient administration of policies and claims; (5) A recommendation to the general assembly and governor regarding the continued operation of the fund; (6) A full report concerning reserve practices including any actuarial analysis of the funds reserved; and (7) Any other information the director deems appropriate.

Legislative History

Acts 1992, ch. 900, § 26; 1994, ch. 979, § 5.