§ 28-47-1. Definitions. (a) As used in this chapter the term “employers” shall include: (1) Employers with related activity in a given industry employing persons who perform work in connection with the given industry; (2) An incorporated or unincorporated association or associations consisting exclusively of those employers provided they employ persons who perform that related […]
§ 28-47-10. Surety bonds or other security. For the purpose of this chapter, the amount of surety bond, trust fund, or other adequate security required for group self-insurance plans shall be determined by the director by rule or regulation. If the director requires the group self-insurer to provide security other than a surety bond, the […]
§ 28-47-11. Assessment against group self-insurers. (a) Whenever the director determines that the compensation and benefits provided by this chapter may be unpaid by reason of the default of an insolvent group self-insurance plan, and the penal sum of the surety bond, trust fund, or other security is about to become exhausted, the director shall […]
§ 28-47-12. Premium taxes and assessments. Each group self-insurer, except any group self-insurer composed of the state, municipal governments, governmental authorities of the state or municipalities, or quasi-municipal subdivisions of the state or municipalities, shall pay premium taxes as close as practicable on the same basis as insurers as provided in chapter 17 of title […]
§ 28-47-13. Reinsurance. No group may operate as a self-insurer without maintaining both specific and aggregate reinsurance and/or excess insurance in a form and with monetary limits approved by the director and from a reinsurer and/or insurer approved by the director. History of Section.P.L. 1991, ch. 133, § 1.
§ 28-47-14. Form of entity of group self-insurer. A group self-insurer may constitute itself as any form of legal entity, including, but not limited to, a profit or nonprofit corporation or a partnership. That entity shall not be considered to be carrying on the business of insurance pursuant to § 7-1-5 and shall not be […]
§ 28-47-15. Employee leasing company self-insurance. An employee leasing company that wishes to self-insure without becoming a member of a group of employers shall be subject to this chapter and may adopt a plan of self-insurance and make application to the director for its approval and, for the purpose of this chapter, the employee leasing […]
§ 28-47-2. Adoption of plan of group self-insurance. Any group consisting exclusively of employers may adopt a plan for group self-insurance, as a group, for the payment of compensation under this chapter to their employees. Under that plan, the group shall assume the liability of all the employers within the group and pay all compensation […]
§ 28-47-3. Notice to group — Jurisdiction — Insolvency — Termination. An employer participating in group self-insurance shall not be relieved from the liability for compensation prescribed by chapters 29 — 38 of this title except by the payment of the compensation by the group self-insurer or by itself. As between the employee and the […]
§ 28-47-4. Identifying information. Each group self-insurer, in its application for group self-insurance, shall set forth the names and addresses of each of its officers, directors, trustees, and general manager. Notice of any change in the officers, directors, trustees, or general manager shall be given to the director within ten (10) days of the change. […]
§ 28-47-5. Termination of group. If for any reason, the status of a group self-insurer under this chapter is terminated, the surety bond on deposit, trust fund, or other security referred to in § 28-47-2 shall remain in the custody of the director for a period of at least twenty-six (26) months. At the expiration […]
§ 28-47-6. Rules and regulations. The director shall promulgate the rules and regulations that may be required to carry out the provisions of this chapter, including, without limitation, rules and regulations pertaining to contracts of group insurance and excess group insurance with retentions and limits to be prescribed. History of Section.P.L. 1982, ch. 32, art. […]
§ 28-47-7. Classification of group self-insurers. (a) The director shall administer all matters relating to group self-insurance under this chapter. (b) The director shall assign each group self-insurer, qualified under this chapter to one of the following groups: (1) Manufacturing and trade; (2) Transportation, public utilities, and construction; (3) Service industry; (4) Hospitals licensed under […]
§ 28-47-8. Advisory committee for group self-insurance. (a) To advise the director, there shall be an advisory committee for group self-insurance, which shall consist of seven (7) members appointed by the governor: (1) One of those members shall be named from the manufacturing and trade group of group self-insurance; (2) Two (2) from the transportation, […]
§ 28-47-9. Audit of group self-insurance. The director annually, as soon as practicable after April 1 in each succeeding year, shall ascertain the total amount of expenses, including in addition to the direct costs of personal services, the cost of maintenance and operation; the cost of retirement contributions made and workers’ compensation premiums paid by […]
