ALC-STATE INSURANCE PROGRAMS OVERSIGHT SUBCOMMITTEE

To this subcommittee shall be referred all matters pertaining to the State and Public School Life and Health Insurance Program and the State Captive Insurance Program, including new or significantly modified cost-containment measures; any change in plan options offered under the State and Public School Life and Health Insurance Program for state employees or public school employees; or State Captive Insurance Program for property owned by public schools, state-supported institutions of higher education, or the state; potential funding changes, any premium increases or decreases over the previous plan year, any concern involving the reserve balance, or changes to four-year projections for either of the programs; changes that would limit, eliminate, or increase benefits pf plan options offered under either of the programs and the effect these changes would have on the fiscal viability of the program, including the reserve balance; changes that would limit, eliminate, or increase eligibility requirements for either of the programs; vendor issues or changes in vendors from the previous plan year; proposed contracts or changes in contracts from the previous plan year; any change in consultants from the previous plan year; rules promulgated by the State Board of Finance or by the Employee Benefits Division or the Department of Shared Administrative Services regarding the implementation, administration, or enforcement of either of the program programs; quarterly reports from the State Board of Finance, and the Director of the Employee Benefits Division, and the Director of the Office of Property Risk or the Secretary of the Department of Shared Administrative Services, as required by law; and other matters related to the programs that may be referred to the subcommittee or that the subcommittee considers necessary to perform its oversight of all matters related to the program.