California Government Code 20062.5 – “Risk pool” means the combination of assets and liabilities with …
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“Risk pool” means the combination of assets and liabilities with respect to one or more contracting agencies for the purpose of pooling actuarial experience and setting the employer contribution rates pursuant to Section 20840.
(Added by Stats. 2002, Ch. 1133, Sec. 2. Effective January 1, 2003.)
Terms Used In California Government Code 20062.5
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.