Rules of the court administrator, current through 2012

              Rules of the Court Administrator
Current through 2012
Rule Page
1 (Deleted by order of March 13, 2012, effective March 13, 2012.)
2 Own Risk Employers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
3 Group Self-Insurance Associations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
4 (Deleted by order of March 13, 2012, effective March 13, 2012.)
COURT ADMINISTRATOR RULE 1. DELETED BY
ORDER OF MARCH 13, 2012, EFFECTIVE MARCH 13,
2012.
COURT ADMINISTRATOR RULE 2.
OWN RISK EMPLOYERS
Any employer subject to the Workers'
Compensation Act (see now Workers’
Compensation Code), who has not otherwise
secured compensation insurance for its employees,
shall file with the Insurance Department of the
Court, a completed Form 1-B, Employer's
Application for Permission to Carry Its Own Risk
Without Insurance. This application shall be
submitted to the Court at least sixty (60) days prior
to the desired effective date, or renewal date for
existing permits. The application shall include
complete answers to all questions contained therein
and shall include satisfactory proof as to the
employer's ability to pay an award made by the
Court. All attachments listed on the Form 1-B must
be submitted with the application.
With the exception of governmental entities, an
employer desiring to self-insure must meet all the
following qualifications and guidelines:
(1) Have been continuously engaged in
business for a period of not less than five
(5) years;
(2) Have had an average minimum payroll of
not less than one million dollars
($1,000,000.00) in each of the preceding
three (3) years;
(3) Have a shareholder’s equity of not less than
f iv e hundred thousand dol lars
($500,000.00); and
(4) Employ not less than one hundred (100)
employees.
Applications must attach a financial statement
(preferably audited), including a balance sheet and
income statement. If the company's current fiscal
year-end financial report is not available at the time
of application, it should be submitted to the Court
promptly. The application must also include a
current proof of reinsurance (binder or certificate).
Any subdivision or subsidiary of any employer
must provide a written guarantee from its parent
company which states the parent company will be
fully responsible for any liabilities that its subdivision
or subsidiary may incur under the Workers'
Compensation Act (see now Workers’
Compensation Code).
A self-insured company may be required to post
a surety bond, letters of credit or initiate a reserve
self-funding program. If posting a surety bond or
letter of credit, the amount required will be
determined by the Court Administrator. If the self-insured
company self-funds their reserves, the
following guidelines will apply:
(1) An initial fund amount, determined by the
Court Administrator, will be deposited into a
separate Workers' Compensation Claims
Fund. This base amount will remain
constant;
Administrator's Rules, Page 1