Reserves

The Authority holds individual claim reserves, actuarial reserves, and net assets for the benefit of its members. Reserves help to ensure that funding will be available to pay claims when they become due. The Authority is well-capitalized and maintains a strong financial position. In 2013 net assets of the Authority totaled $87 million. Net assets include contingency funding for potential adverse claim development, actuarial funding above expected confidence, as well as reserves for other financial risks and hazards within the Authority’s operating environment.

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