The bureau proposed to permit more flexibility in determining appropriate securitization requirements for self-insuring employers and their subsidiary entities. The bureau also proposed language to clarify that the assessment for new self-insured entities applies only to entities transferring from the state insurance fund to self-insured status and does not include subsidiary additions to an already existing self-insured entity. The rules also add language permitting an entity that ceases self-insuring its workers' compensation obligations to pay phase-out assessments in a single lump sum. An employer accepting this option remains obligated to pay workers' compensation and benefits for any claims with dates of injury during the period the employer was a self-insured entity. The bureau determined that changes will not go into effect until the July 1, 2014 policy year. Comments were accepted until April 30.
Read more at the WorkersComp Forum homepage.
May 6, 2013
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