Policy No: 3000

Property and Liability Program

The NCSIG shall establish and maintain a Capital Target.  The Capital Target shall be three times the amount of the outstanding liabilities as determined by the actuarial report.

Workers’ Compensation Program

The NCSIG shall establish and maintain a Capital Target.  The Capital Target shall be the amount of the outstanding liabilities valued at expected as determined by the most recent actuarial report program year, plus an amount sufficient to raise the confidence level to 90%. 

First Reading: Sept. 18, 1996

Adopted: Nov. 13, 1996

Amended: Nov. 18, 2009

Workers Compensation Yes

Property & Liability Yes