Louisiana Administrative Code › Title 37 - INSURANCE › Part III - Patient's Compensation Fund Oversight Board › Chapter 3 - Organization, Functions, Delegations of Authority, and Disability Accommodations › Section III-303 - Executive Director of the Patients' Compensation Fund Oversight Board

Current through Register Vol. 50, No. 6, June 20, 2024
A. The position of
				executive director of the Louisiana Patient's Compensation Fund Oversight Board
				is hereby established by the board as an unclassified position. The executive
				director shall be employed by the board and, subject to other provisions of law
				respecting qualification for and maintenance of governmental employment, hold
				such office at the pleasure of the board. In addition to other qualifications
				required by law for such office, the executive director shall be at least 21
				years of age, a graduate of an accredited post-secondary college or university,
				and have had prior professional experience and training in insurance and
				actuarial science as appropriate to the executive director's responsibilities
				pursuant to these rules.
B. The
				executive director shall be responsible, and accountable to the board for the
				overall administration, operation, conservation, management, and defense of the
				fund to the extent of the responsibilities imposed on the board by the Act.
				Without limitation on the scope of such responsibility, the executive director
				shall be specifically responsible for:
1.
				receiving and processing health care provider applications for enrollment with
				the fund;
2. determining whether
				applicants for enrollment satisfy the standards of financial responsibility and
				possess the other qualifications for enrollment specified by these
				rules;
3. timely collection of
				surcharges from, or paid by insurers on behalf of, enrolled health care
				providers;
4. certification of
				enrollment upon the presentation of claims against health care providers
				enrolled with the fund;
5.
				processing claims against enrolled health care providers and the fund in
				accordance with the Act and these rules;
6. collection, accumulation, and maintenance
				of comprehensive historical claims experience data from enrolled health care
				providers and insurance companies providing professional liability coverage to
				health care providers in the state of Louisiana, in such form and array as may
				be necessary or appropriate to permit the fund's actuary to develop sound and
				appropriate surcharge rates for the fund;
7. maintenance of accurate, current, and
				complete data on pending and concluded and closed claims against the
				fund;
8. coordination of the
				defense and disposition of claims against the fund ;
9. payment of judgments, settlements,
				arbitration awards, and medical expenses ;
10. retention of an actuary for the fund in
				accordance with §701;
11.
				preparation and submission, in conjunction with the PCF's actuary, of the
				annual actuarial study and indicated surcharge rates and rate changes, to the
				board;
12. financial accounting for
				the fund in accordance with generally accepted accounting principles;
13. development and submission of an annual
				budget and appropriation request as provided by §1305-1307 of these
				rules;
14. preparation and
				submission of such reports on the status, administration, and operation of the
				fund, and on the disposition of individual claims against the fund, as required
				by law or as directed by the board; and
15. the discharge and performance of such
				other duties, responsibilities, functions, and activities as are expressly or
				impliedly imposed on the board by the Act or as specified by these
				rules.