The bureau proposed to permit more flexibility in determining appropriate securitization requirements for self-insuring employers and their subsidiary entities. The rules also 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 proposal added language permitting an entity that ceases self-insuring its workers' compensation obligations to pay phase-out assessments in a single lump sum. Any employer electing this option remains obligated to pay compensation and benefits for claims with dates of injury during the period the employer was a self-insured entity.
Read more at the WorkersComp Forum homepage.
June 17, 2013
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