Wisconsin Statutes 601.85 – Accounting, reports, and audits
Current as of: 2023 | Check for updates
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Terms Used In Wisconsin Statutes 601.85
- Following: when used by way of reference to any statute section, means the section next following that in which the reference is made. See Wisconsin Statutes 990.01
- Year: means a calendar year, unless otherwise expressed; "year" alone means "year of our Lord". See Wisconsin Statutes 990.01
(1) Accounting. The commissioner shall keep an accounting for each benefit year of all of the following:
(a) Funds appropriated for reinsurance payments and administrative and operational expenses.
(b) Requests for reinsurance payments received from eligible health carriers.
(c) Reinsurance payments made to eligible health carriers.
(d) Administrative and operational expenses incurred for the healthcare stability plan.
(2) Reports. By November 1 of the calendar year following the applicable benefit year or by 60 days following the final disbursement of reinsurance payments for the applicable benefit year, whichever is later, the commissioner shall make available to the public a report summarizing the healthcare stability plan’s operations for each benefit year by posting the summary on the office’s Internet site.
(3) Legislative auditor. The healthcare stability plan is subject to audit by the legislative audit bureau. The commissioner shall ensure that its contractors, subcontractors, or agents cooperate with any audit of the healthcare stability plan performed by the legislative audit bureau.