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.06 — Third-party Administrator.
79A.06 THIRD-PARTY ADMINISTRATOR. Subdivision 1. Certificate to self-insure. No person, firm, or corporation, other than an insurer admitted to transact workers’ compensation insurance in this state, shall contract to administer claims of self-insured employers as a third-party administrator unless qualified to do so pursuant to section 60A.23, subdivision 8. Subd. 2. Local office. A third-party […]
Section 79A.07 — Preferred Subrogation Rights Of Self-insurers’ Security Fund Or Surety.
79A.07 PREFERRED SUBROGATION RIGHTS OF SELF-INSURERS’ SECURITY FUND OR SURETY. The self-insurers’ security fund by making payment of compensation under this chapter has the same preference over the other debts of the principal or the principal’s estate as is given by law to the person directly entitled to the compensation. History: 1988 c 674 s […]
Section 79A.071 — Custodial Accounts.
79A.071 CUSTODIAL ACCOUNTS. Subdivision 1. Deposit. All securities shall be deposited with the commissioner of management and budget or in a custodial account with a depository institution acceptable to the commissioner of management and budget. Surety bonds shall be filed with the commissioner. The commissioner and the commissioner of management and budget may sell or […]
Section 79A.08 — Legislative Intent.
79A.08 LEGISLATIVE INTENT. It is the intent of the legislature in enacting sections 79A.08 to 79A.10 to provide for the continuation of workers’ compensation benefits delayed due to the failure of a private self-insured employer to meet its compensation obligations, whenever the commissioner of commerce issues a certificate of default or there is a declaration […]
Section 79A.09 — Security Fund.
79A.09 SECURITY FUND. Subdivision 1. Creation. The self-insurers’ security fund is established as a nonprofit corporation pursuant to the Minnesota Nonprofit Corporation Act, sections 317A.001 to 317A.909. If any provision of the Minnesota Nonprofit Corporation Act conflicts with any provision of this chapter, the provisions of this chapter apply. Each private self-insurer who is self-insured […]
Section 79A.10 — Assumption Of Workers’ Compensation Obligations Of Insolvent Self-insurer.
79A.10 ASSUMPTION OF WORKERS’ COMPENSATION OBLIGATIONS OF INSOLVENT SELF-INSURER. Subdivision 1. Order of commissioner. Upon order of the commissioner pursuant to section 79A.04, subdivision 10, the security fund shall assume the workers’ compensation obligations of an insolvent private self-insurer. Subd. 2. Act or omissions; penalties. Notwithstanding subdivision 1, the security fund shall not be liable […]
Section 79A.02 — Self-insurers’ Advisory Committee.
79A.02 SELF-INSURERS’ ADVISORY COMMITTEE. Subdivision 1. Membership. For the purposes of assisting the commissioner, there is established a Workers’ Compensation Self-insurers’ Advisory Committee of five members that are employers authorized to self-insure in Minnesota. Three of the members and three alternates shall be elected by the self-insurers’ security fund board of trustees and two members […]
Section 79A.03 — Self-insurance Applications.
79A.03 SELF-INSURANCE APPLICATIONS. Subdivision 1. Procedure. Each employer desiring to self-insure individually shall apply to the commissioner on forms available from the commissioner. The commissioner shall grant or deny the application within 60 days after a complete application is filed. The time limit may be extended for another 30 days upon 15 days’ prior notice […]