sec.68Referral to arbiter if no agreement on amount

sec.68 Referral to arbiter if no agreement on amount

This section applies if the Regulator and the self-insurer do not agree under section 67 on the amount of the self-insurer’s estimated claims liability. The Regulator must refer the appointed actuary’s actuarial report, the self-insurer’s data and any second appointed actuary’s actuarial report to the arbiter to decide the amount of the self-insurer’s estimated claims liability. See sections 102 to 104 in relation to the arbiter’s decision. The Regulator must make the referral within 14 days after the day the Regulator gives the self-insurer a written notice under section 65 stating that the Regulator does not agree with the appointed actuary’s assessment of the self-insurer’s estimated claims liability. (sec.68-ssec.1) This section applies if the Regulator and the self-insurer do not agree under section 67 on the amount of the self-insurer’s estimated claims liability. (sec.68-ssec.2) The Regulator must refer the appointed actuary’s actuarial report, the self-insurer’s data and any second appointed actuary’s actuarial report to the arbiter to decide the amount of the self-insurer’s estimated claims liability. See sections 102 to 104 in relation to the arbiter’s decision. (sec.68-ssec.3) The Regulator must make the referral within 14 days after the day the Regulator gives the self-insurer a written notice under section 65 stating that the Regulator does not agree with the appointed actuary’s assessment of the self-insurer’s estimated claims liability.