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Fund 793 - Health Insurance Pool Account

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Authority:
Admin Agency:
Office of Insurance Commissioner - 1600
Cash Type:
2 - Treasury Trust Fund
SAAM Budget Type:
Budgeted (Nonappropriated/Allotted) (B)
Earnings from Investments are:
See Public Notes section below
Description:
Expenditures shall be used to cover deficits incurred by the Washington State Health Insurance Pool under chapter 48.41 RCW in excess of the threshold established. To the extent funds are available in the account, funds shall be expended from the account to offset that portion of the deficit that would otherwise have to be recovered by imposing an assessment on members in excess of a threshold of seventy cents per insured person per month.
Sources of Revenue:
Other Miscellaneous Revenue, Interest Earnings
Clientele:
Washington State Health Insurance Pool participants
Effective Date:
06/30/2000
Inactive Date:
Public Notes:
Investment earnings are retained by this fund per RCW 43.84.092(4)(a) which is for treasury accounts. This is a treasury trust fund, so it should be referenced in RCW 43.79A.040(4)(a) instead.

CAFR Information



Account Code:
793
Account Title:
Health Insurance Pool Account
Fund Type:
AA - General Fund
Rollup Fund:
AZ - Other Accounts in the General Fund
Closing GL Code:
9321 - Committed for Other Purposes