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793 Health Insurance Pool Account

Account code: 793
Account title: Health Insurance Pool Account
Administering agency: 1600 - Office of Insurance Commissioner
Fund type: AA - General Fund
Roll-up fund: AZ - Other Accounts in the General Fund
Cash type: 2 - Treasury Trust Fund
SAAM budget type: Budgeted (Nonappropriated/Allotted) (B)
Interest earning authority: 43.79A.040
Authority: RCW 48.41.037
Closing GL Code: 9321
Description: Expenditures shall be used to cover deficits incurred by the Washington State Health Insurance Pool under chapter 48.41 RCW in excess of the threshold established. To the extent funds are available in the account, funds shall be expended from the account to offset that portion of the deficit that would otherwise have to be recovered by imposing an assessment on members in excess of a threshold of seventy cents per insured person per month.
Sources of revenue: Other Miscellaneous Revenue, Interest Earnings
Clientele: Washington State Health Insurance Pool participants
Effective date: 7/1/2000
Inactive date: