Which entity's annual report is due on October 1?

Which entity's annual report is due on October 1?

• A. Private self-insurers
• B. Both private and public
• C. Public self-insurers
• D. Neither

Answer: (C)

Public self-insurers have an annual reporting requirement that is due October 1. This report provides a snapshot of the self-insurance program’s financial health and claims activity—such as outstanding losses, paid losses, reserves, and related financial data—so the state can review and oversee the program for compliance and budgeting purposes. Private self-insurers typically follow a different reporting schedule, so the October 1 deadline specifically applies to public self-insurers.

Public self-insurers have an annual reporting requirement that is due October 1. This report provides a snapshot of the self-insurance program’s financial health and claims activity—such as outstanding losses, paid losses, reserves, and related financial data—so the state can review and oversee the program for compliance and budgeting purposes. Private self-insurers typically follow a different reporting schedule, so the October 1 deadline specifically applies to public self-insurers.