Section 701 – Premium assessment restricted account for safety.
Effective 5/14/2019 34A-2-701. Premium assessment restricted account for safety. (1) There is created in the General Fund a restricted account known as the “Workplace Safety Account.” (2) (a) An amount equal to 0.25% of the premium income remitted to the state treasurer pursuant to Subsection 59-9-101(2)(c)(ii) shall be deposited in the Workplace Safety Account in […]
Section 702 – Employers’ Reinsurance Fund — Injury causing death — Burial expenses — Payments to dependents.
Effective 5/14/2019 34A-2-702. Employers’ Reinsurance Fund — Injury causing death — Burial expenses — Payments to dependents. (1) (a) There is created an Employers’ Reinsurance Fund for the purpose of making a payment for an industrial accident or occupational disease occurring on or before June 30, 1994. A payment made under this section shall be […]
Section 703 – Payments from Employers’ Reinsurance Fund.
Effective 5/10/2016 34A-2-703. Payments from Employers’ Reinsurance Fund. If an employee, who has at least a 10% whole person permanent impairment from any cause or origin, subsequently incurs an additional impairment by an accident arising out of and in the course of the employee’s employment during the period of July 1, 1988, to June 30, […]
Section 704 – Uninsured Employers’ Fund.
Effective 5/14/2019 34A-2-704. Uninsured Employers’ Fund. (1) (a) There is created an Uninsured Employers’ Fund. The Uninsured Employers’ Fund has the purpose of assisting in the payment of workers’ compensation benefits to a person entitled to the benefits, if: (i) that person’s employer: (A) is individually, jointly, or severally liable to pay the benefits; and […]
Section 705 – Industrial Accident Restricted Account.
Effective 5/4/2022 34A-2-705. Industrial Accident Restricted Account. (1) As used in this section: (a) “Account” means the Industrial Accident Restricted Account created by this section. (b) “Advisory council” means the state workers’ compensation advisory council created under Section 34A-2-107. (2) There is created in the General Fund a restricted account known as the “Industrial Accident […]
Section 706 – Investment of Employers’ Reinsurance Fund and Uninsured Employers’ Fund.
Effective 5/8/2018 34A-2-706. Investment of Employers’ Reinsurance Fund and Uninsured Employers’ Fund. (1) The state treasurer shall invest the assets of the Employers’ Reinsurance Fund created under Section 34A-2-702 and the Uninsured Employers’ Fund created under Section 34A-2-704 with the primary goal of providing for the stability, income, and growth of the principal. (2) Nothing […]