63A-4-202 - Determination of insurance premiums -- Information furnished by agencies -- Notice to agencies. - Utah Statutes

63A-4-202. Determination of insurance premiums -- Information furnished byagencies -- Notice to agencies.
(1) Each agency shall provide the risk manager with all reasonable information necessaryto compute insurance premiums whenever he requests that information from them.
(2) (a) The risk manager shall charge to each agency that receives insurance coveragefrom the Risk Management Fund its proportionate share of the cost incurred based uponactuarially sound rating techniques.
(b) That premium shall include all costs of operating the fund as stated in Section63A-4-201.
(3) To enable each participating agency to meet its budgeting requirements, the riskmanager shall provide each participating agency with projected insurance costs for the next twofiscal years within the time limits required.

Renumbered and Amended by Chapter 212, 1993 General Session