Sec. 365.6. COVID-19 risk adjustment pool

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The superintendent shall establish, in the superintendent’s sole custody, an account to be called the COVID- 19 risk adjustment pool, to receive transfers of funds from insurers subject to the risk adjustment mechanism established by this Part. The moneys so received and deposited in the COVID-19 risk adjustment pool shall not be deemed State funds. The superintendent is authorized to make disbursements without an appropriation from the COVID-19 risk adjustment pool for the purpose of remitting to insurer any moneys due them as a result of the risk adjustment mechanism established by this Part, and such disbursements shall be made pursuant to this Part.

                    
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