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February22

HB 1090: Insurance pooling audit bill reaches Gov

A bill related to insurance pooling reached Gov. Dennis Daugaard’s desk recently.

 

House Bill 1090, which requires certain statements and audits concerning insurance pooling arrangements to be filed with the Department of Legislative Audit, passed the Senate Commerce and Energy Committee and full Senate on unanimous votes.

 

ASBSD supports the bill, which will require the Associated School Boards Protective Trust to file an audit with the state.

 

ASBSD Executive Director Wade Pogany testified in favor of the bill at the Senate committee hearing. Pogany noted reviews of ASBPT’s health fund by the Legislative Executive Committee and Government Operations and Audit Committee and said “pretty significant changes” have been made to the health fund. He also noted an audit of ASBPT has been completed.

 

“We are very welcoming to share (the audit),” Pogany said.

 

For updates on the bill, check out the ASBSD Blog, Twitter feed and Bill Tracker page.

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