Specifies methods of calculating deposits and reserves for the aggregate trust fund and reserves of the state insurance fund.
This bill amends the workers' compensation law and the insurance law to specify methods of calculating deposits and reserves for the aggregate trust fund and reserves of the state insurance fund. It mandates that all computations made or directed by the workers' compensation board be based on the survivorship annuitants table of mortality, the remarriage tables of the Dutch Royal Insurance Institution, and the United States life table for the total population. The bill also makes related provisions for calculating deposits and reserves for the state insurance fund.
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