(1) The state auditor or any person authorized by the state auditor shall conduct an examination in accordance with section 2-3-103 to determine that proper underwriting techniques, sound funding procedures, loss reserves, claims procedures, and accounting practices are being followed in the management and operation of the risk management fund, the self-insured property fund, and the state employee workers' compensation account in the risk management fund.
(2) The state auditor shall present a report of his or her findings concerning:
The risk management fund to the board and to the general assembly; and
The self-insured property fund and the state employee workers' compensation account to the general assembly.
Source: L. 85, 1st Ex. Sess.: Entire part added, p. 7, § 1, effective September 27. L. 86, 2nd Ex. Sess.: Entire section amended, p. 67, § 10, effective August 25. L. 90: Entire section amended, p. 1198, § 9, effective May 24. L. 2017: Entire section amended, (SB 17-294), ch.
264, p. 1401, § 69, effective May 25.