Section 304 – Limitations on risk management coverage.

• (1) Except as specifically modified in its authorizing statute, an independent entity is not eligible to receive coverage under the Risk Management Fund created by Section 63A-4-201 or any captive insurance company created by the risk manager.

• (2) If an independent entity that receives coverage under the Risk Management Fund or any captive insurance company created by the risk manager is involved in a commercial activity, the state risk manager may require that the entity:
  • (a) procure commercial insurance coverage or provide proof of vendor’s insurance coverage for the commercial activity; and
  • (b) comply with loss prevention measures specified by the state risk manager.

Amended by Chapter 33, 2021 General Session