328 IAC 1-2-2 Fund management

Sec. 2. The administrator of the fund shall prepare an annual report to the financial assurance board by September 1 of each year. The report must include the following: (1) A financial statement detailing information for the management and oversight of the fund, including: (A) facts concerning the amount of money currently in the fund; (B) the amount of money obligated for corrective actions and ELTF indemnity claims; and (C) estimates of future revenue for and demands on the fund. (2) An overview of the fund claims process. (3) A report of the number of claims made against the fund that were approved and denied during the reporting year.