The amendments state that public employers and groups of public employers are not eligible for membership in the guaranty fund, and the guaranty fund has no role in the approval of decisions regarding the eligibility of public employers or groups of public employees to self-insure. A rule regarding surety bonds was also amended. The department also amended a rule regarding the renewal of an employer's election to self-insure to clarify the requirements of actuarial reports and explain what the department considers a qualified actuary. A new rule states that a current or former self-insurer or group can transfer existing workers' compensation liabilities to another entity upon authorization from the department and concurrence of the guaranty fund. The department also proposed a new rule regarding security deposits for insurers. A public hearing was scheduled for May 4. For a copy of the proposed rules, visit www.dli.mt.gov/rule/adparm24_29_263.pdf.
Read more at the WorkersComp Forum homepage.
May 31, 2012
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