Fiscal Reporting

Section 800 Section 800.410  Fiscal Reporting An annual report shall be made by the Board following the close of each fiscal year. The Board shall approve the report and direct that it be filed by the Executive Director with the Department of Insurance or any other regulatory body as provided by law. The report shall embody a review of investment operations for the year, including a listing of all invested assets showing their book values and market values, the balances applicable to the several funds under the jurisdiction and authority of the Board, comment on the policies and procedures maintained by the Board during the year, and recommendations on any possible future changes in the governing statute or Board policies.