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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) Accounting. The commissioner shall keep an accounting for each benefit year of all of the following:
(a) Funds appropriated for reinsurance payments and administrative and operational expenses.
(b) Requests for reinsurance payments received from eligible health carriers.
(c) Reinsurance payments made to eligible health carriers.
(d) Administrative and operational expenses incurred for the healthcare stability plan.
(2) Reports. By November 1 of the calendar year following the applicable benefit year or by 60 days following the final disbursement of reinsurance payments for the applicable benefit year, whichever is later, the commissioner shall make available to the public a report summarizing the healthcare stability plan's operations for each benefit year by posting the summary on the office's Internet site.
(3) Legislative auditor. The healthcare stability plan is subject to audit by the legislative audit bureau. The commissioner shall ensure that its contractors, subcontractors, or agents cooperate with any audit of the healthcare stability plan performed by the legislative audit bureau.
Cite this article: FindLaw.com - Wisconsin Statutes Insurance (Ch. 600 to 655) § 601.85. Accounting, reports, and audits - last updated January 01, 2025 | https://codes.findlaw.com/wi/insurance-ch-600-to-655/wi-st-601-85/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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