Section 69-10.19 - Actuarial Calculations for the Fund

69-10.19 Actuarial Calculations for the Fund.
(a) Following the annual deposit set forth in section 2999-i(5) of the Public Health Law, and quarterly thereafter, the Superintendent shall conduct an actuarial calculation of the estimated liabilities of the Fund for the year following such annual deposit, resulting from qualified plaintiffs enrolled in the Fund. (b) The analysis pursuant to subdivision (a) of this section shall include a review of the various elements contributing to the amount of benefits paid by the Fund and to the expenses of administration of the Fund, including:

(1) the number of qualified plaintiffs admitted in the Fund, and estimates of the number of qualified plaintiffs not yet admitted;

(2) the mortality experience of the qualified plaintiffs admitted to the Fund;

(3) the amounts of benefits paid by the Fund by types of services provided;

(4) the patterns of utilization by types of services provided;

(5) the inflationary patterns by types of services provided;

(6) the expenses of administration of the Fund;

(7) the impact available health insurance has on the benefits paid by the Fund; and (8) the investment earnings on the assets held by the Fund.

Effective Date: 
Wednesday, June 18, 2014
Doc Status: 
Complete