                                 CODE OF VIRGINIA

ACCOUNTING; REPORTS (§ 38.2-6603)

A. The Commission shall keep an accounting for each benefit year of all:

   1. Funds appropriated for reinsurance payments and administrative and
   operational expenses;

   2. Requests for reinsurance payments received from eligible carriers;

   3. Reinsurance payments made to eligible carriers; and

   4. Administrative and operational expenses incurred for the Program.

B. By November 1 of each year, the Commission shall report to the House
Committees on Labor and Commerce and Appropriations, the Senate Committees on
Commerce and Labor and Finance and Appropriations, and the Governor on the
operation of the Program. Such report shall be posted on the Commission&#8217;s
website and shall include, at a minimum, the following information for the
relevant benefit year:

   1. Amounts deposited into the Fund;

   2. Requests for reinsurance payments received by eligible carriers;

   3. Reinsurance payments made to eligible carriers;

   4. Administrative and operational expenses incurred for the Program; and

   5. Quantifiable impact of the Program on individual health insurance coverage
   rates.

HISTORY: 2021, Sp. Sess. I, c. 480.