La. Admin. Code tit. 37 § III-107
Current through Register Vol. 50, No. 9, September 20, 2024
Section III-107 - Purpose and Objective of Rules; Construction, ApplicationA. These rules are adopted and promulgated to ensure that the Patients' Compensation Fund is organized, administered, and operated on a financially and actuarially sound basis so as to achieve the purpose for which it was established, by providing that qualification for enrollment is based on sound and realistic standards of financial responsibility; that the fund and its surcharge rates are adequate for the risks assumed; that surcharges are timely collected; that surcharge rate filings are based on reasonably current and complete claims experience data; that actual and potential claims against the fund are timely reported; that reserves against claims are properly established; that the fund is properly defended against improper, unjustified, and excessive claims; and that the fund is responsible and accountable to the patients for whose benefit it exists and to its enrolled health care providers. These rules shall be construed, interpreted, and applied so as to achieve such purposes and objectives.La. Admin. Code tit. 37, § III-107
Promulgated by the Office of the Governor, Patients' Compensation Fund Oversight Board, LR 18:167 (February 1992).AUTHORITY NOTE: Promulgated in accordance with R.S. 40:1299.44(D)(3).