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Committee hears bill to exempt public risk-pool rate formulas and actuarial reports from Public Records Act
Summary
A committee heard testimony on Senate Bill 5,102, which would exempt rate-setting formulas and actuarial analyses used by public risk pools from public disclosure under the Public Records Act; sponsors and pool representatives said the change protects school districts’ proprietary rate models from being used by private insurers.
Senate Bill 5,102 would exempt from disclosure the formulas, data and actuarial analyses that public risk pools use to calculate member contributions and assessments under the Public Records Act, a committee staff member told the House State Government & Tribal Relations Committee.
The bill matters because public risk pools — joint organizations that let local governments, affordable housing entities and public hospitals share portions of claims and buy excess insurance collectively — rely on internally developed formulas and actuarial models to set rates, proponents said.
Desiree Almeida, OPR staff, summarized the measure for the committee: "Senate Bill 5,102 relates to joint self insurance programs, also known as risk…
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