Ohio Admin. Code 123:1-72-04
Current through all regulations passed and filed through December 9, 2024
Every year, the director will have prepared, by an accredited actuary familiar with disability insurance, a report showing a complete actuarial evaluation of the fund, the adequacy of the rates of contribution and reserves, and such recommendations as the actuary considers advisable. The director may at any time request the actuary to conduct studies or evaluations to determine the adequacy of the rates of contribution. Such rates may be adjusted by the director, as recommended by the actuary, to be effective as of the first of any fiscal year thereafter.
Ohio Admin. Code 123:1-72-04
Five Year Review (FYR) Dates: 5/16/2022 and 05/16/2027
Promulgated Under: 119.03
Statutory Authority: 124.09
Rule Amplifies: 124.83
Prior Effective Dates: 03/18/1982, 02/04/1996, 08/26/2012