- A. The board shall determine surcharge rates in a public meeting held pursuant to Louisiana’s open meetings laws based upon actuarial principles and reports, experience and prudent judgment of the board. The board shall provide written or electronic notice of the meeting at least 15 days in advance of the meeting and provide an opportunity for public comment at the meeting before determining surcharge rates.
- B. Within 30 days of the date on which the board determines surcharges rates or rate changes, the executive director shall give notice of such rates or rate changes via the board’s website and any other means at the discretion of the executive director.
Authority Note
AUTHORITY NOTE: Promulgated in accordance with R.S. 40:1231.4(D)(3), formerly R.S. 40:1299.44(D)(3).
Historical Note
HISTORICAL NOTE: Promulgated by the Office of the Governor, Patient’s Compensation Fund Oversight Board, LR 18:175 (February 1992), amended LR 24:1112 (June 1998), amended by the Division of Administration, Patient’s Compensation Fund Oversight Board, LR 36:2558 (November 2010).