|
|
![]() | ![]() | ![]() | ![]() |
| |||||||||
This excerpt taken from the VLG 10-K filed Sep 28, 2006. Employee
Health Care Benefit Reserves
We have self-funded health care benefit programs in place
through which a third party administrator settles and pays
claims by our employees on an on-going basis. We estimate the
level of outstanding claims, at any point in time, including
claims incurred but not reported, based upon historical payment
patterns, knowledge of individual claims and estimates of health
care costs. We have stop-loss insurance coverage in place to
limit the extent of individual claims.
|
| |||||||