Section 1300.84.2 - Quarterly Financial Reports (California Code of Regulations)

§ 1300.84.2. Quarterly Financial Reports

Within 45 days after the close of each quarter of its fiscal year, each licensed plan shall file with the Director its report consisting of the following information:

(a) Financial statements (which need not be certified) prepared in accordance with generally accepted accounting principles, prepared on a basis consistent with the certified financial report furnished by the plan pursuant to Section 1384(c) of the Act, unless the plan receives the written approval of the Director to vary from that basis and the variance is adequately noted in its report under this section. The financial statements shall include the following statements, reports and schedules contained in the "DMHC Annual Financial Reporting Form" identified in Section 1300.84.06(a) of these rules for the period covered by the report:

(1) First page: "Statement";

(2) Report #1-Part A: Balance Sheet Assets;

(3) Report #1-Part B: Balance Sheet Liabilities and Net Worth;

(4) Report #2: Statement of Revenue and Expenses;

(5) Report #3: Statement of Financial Position and Net Worth;

(6) Report #4: Enrollment and Utilization Table; and

(7) Section I of Schedule F: Unpaid Claims Analysis.

(b) The information required pursuant to Section 1300.84.06(b) of these rules for the period covered by the report, except as otherwise specified.

(1. Amendment filed 5-9-80; effective thirtieth day thereafter (Register 80, No. 19). 2. Amendment filed 7-21-86; effective thirtieth day thereafter (Register 86, No. 30). 3. Change without regulatory effect amending first paragraph and subsection (a) filed 7-18-2000 pursuant to section 100, title 1, California Code of Regulations (Register 2000, No. 29). 4. Amendment of subsection (a) filed 12-9-2015; operative 4-1-2016 (Register 2015, No. 50).)

Note: Authority cited: Sections 1344 and 1384, Health and Safety Code. Reference: Section 1384, Health and Safety Code.

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