Section 79A.29 — Rules.
79A.29 RULES. The commissioner may adopt, amend, and repeal rules reasonably necessary to carry out the purposes of this chapter. Minnesota Rules, chapter 2780, shall apply to commercial self-insurance groups unless otherwise specified by rule. History: 1995 c 231 art 2 s 38
Section 79A.30 — Governing Law.
79A.30 GOVERNING LAW. If there is any inconsistency between sections 79A.19 to 79A.32 and any other statute or rule, the provisions of sections 79A.19 to 79A.32 shall govern with respect to commercial self-insurance groups. History: 1995 c 231 art 2 s 39
Section 79A.17 — Rules.
79A.17 RULES. The commissioner may adopt, amend, and repeal rules reasonably necessary to carry out the purposes of sections 79A.01 to 79A.17. This authorization includes, but is not limited to, the adoption of rules to do all of the following: (1) except as otherwise specifically provided by statute, specifying what constitutes ability to self-insure and […]
Section 79A.18 — Existing Rules.
79A.18 EXISTING RULES. If there is any inconsistency among any rule or statute and Laws 1988, chapter 674, Laws 1988, chapter 674, shall govern. History: 1988 c 674 s 21
Section 79A.19 — Commercial Self-insurance Groups; Definitions.
79A.19 COMMERCIAL SELF-INSURANCE GROUPS; DEFINITIONS. Subdivision 1. Scope. For the purposes of sections 79A.19 to 79A.32, the terms defined in this section have the meanings given them. If there is any inconsistency between this section and section 79A.01, the provisions of this section shall govern. Subd. 2. Accountant. “Accountant” means a certified public accountant who […]
Section 79A.20 — Eligibility Requirements For Commercial Self-insurance Groups.
79A.20 ELIGIBILITY REQUIREMENTS FOR COMMERCIAL SELF-INSURANCE GROUPS. Subdivision 1. Group eligibility. A commercial self-insurance group consists of two or more employers in similar industries. The commercial self-insurance group shall not incorporate or form a business trust pursuant to chapter 318. Subd. 2. Membership eligibility. A commercial self-insurance group may only admit employers who meet the […]
Section 79A.11 — Reimbursement For Obligations Paid And Assumed.
79A.11 REIMBURSEMENT FOR OBLIGATIONS PAID AND ASSUMED. Subdivision 1. Insolvent insurer. The security fund shall have the right and obligation to obtain reimbursement from an insolvent private self-insurer up to the amount of the private self-insurer’s workers’ compensation obligations paid and assumed by the security fund, including reasonable administrative and legal costs. This right includes, […]
Section 79A.12 — Maintenance Of Assets Or Line Of Credit To Continue Payment Of Compensation Obligations.
79A.12 MAINTENANCE OF ASSETS OR LINE OF CREDIT TO CONTINUE PAYMENT OF COMPENSATION OBLIGATIONS. Subdivision 1. Assets maintained. The security fund shall maintain cash, readily marketable securities, or other assets, or a line of credit, approved by the commissioner, sufficient to immediately continue the payment of the compensation obligations of an insolvent private self-insurer pending […]
Section 79A.13 — Audit; Annual Report.
79A.13 AUDIT; ANNUAL REPORT. The trustees shall annually contract for an independent certified audit of the financial activities of the fund. An annual report on the financial status of the fund as of June 30 shall be submitted to the commissioner and to each member. The security fund shall be established on July 1, 1988, […]
Section 79A.14 — Letter Of Credit Form.
79A.14 LETTER OF CREDIT FORM. The form for the letter of credit under this chapter shall be: Effective Date State of Minnesota (Beneficiary) (Address) Dear Sirs: By order of ………………..(Self-Insurer) we are instructed to open a clean irrevocable Letter of Credit in your favor for United States $……………..(Amount). We undertake that drawings under this Letter […]