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Finance & Administration Committee California Public Employees Retirement SystemAgenda Item 7bDecember 17, 2013ITEM NAME: Impact on Pension Risk Pools as a Result of Pension Reform PROGRAM: Actuarial
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The review of risk pooling is an assessment process that evaluates the effectiveness and efficiency of collective insurance arrangements among multiple entities to share and mitigate risks.
Entities or organizations engaged in risk pooling arrangements, such as insurance companies, cooperatives, or groups of businesses that collaborate to manage and reduce exposure to risks, are required to file a review of risk pooling.
To fill out a review of risk pooling, you must gather relevant data on risk exposure, premiums collected, claims made, and any loss experiences. Complete the designated forms provided by the regulatory body, ensuring all information is accurate and comprehensive.
The purpose of the review of risk pooling is to ensure that risk-sharing arrangements operate efficiently, assess financial stability, and verify compliance with regulatory standards to protect the interests of all parties involved.
The review of risk pooling must report information including the types and amounts of risks pooled, premium revenues, claims history, loss ratios, and any financial statements related to the pooled arrangement.
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