Article 5 - Group Self-Insurance Funds

Article 5 - Group Self-Insurance Funds

§ 34-9-150. Purpose of article
§ 34-9-151. Definitions
§ 34-9-151.1. Eligibility for establishing a fund.
§ 34-9-151.2. Filing of intent to form fund; notice of intent to refuse to issue certificate of authority.
§ 34-9-152. Application to Commissioner for certificate of authority to create fund; contents of application; filing fee; membership of fund
§ 34-9-153. Issuance of certificate of authority; grounds for denial or revocation; annual renewal fee
§ 34-9-154. Compliance with workers' compensation obligations by participation in fund
§ 34-9-155. License required for solicitation of membership or participation in fund; procedure for admission of new members; underwriting criteria
§ 34-9-156. Voluntary termination of members; grounds and procedure for involuntary termination of membership; effect of voluntary or involuntary termination on obligations
§ 34-9-157. Boards of trustees -- Appointment of members
§ 34-9-158. Boards of trustees -- Powers
§ 34-9-159. Annual reports of affairs and operations of funds; additional periodic reports; verification of reports; compliance condition for renewal of certificates
§ 34-9-160. Method of determining financial condition and solvency of a fund and financial capacity of fund to pay obligations
§ 34-9-161. Securities deposit; excess loss funding program
§ 34-9-162. Maintenance of surplus and expendable surplus; waiver of surplus requirements; return of surplus to members of fund
§ 34-9-163. Investment of assets; maintenance of loss reserves
§ 34-9-164. Payment of operating expenses by members of fund; liability of members; payment by funds of expenses of State Board of Workers' Compensation; legal capacity of funds
§ 34-9-165. Requirements as to contracts between funds and administrators not employed by funds
§ 34-9-166. Fiduciary responsibilities of trustees, officers, or administrators of moneys
§ 34-9-167. Bond, liability insurance, and resident office of administrator
§ 34-9-168. Grounds and procedure for restraining transaction of business by fund or administrator; appointment of receivers; criminal prosecution
§ 34-9-169. Revocation and suspension of certificates of authority; probation and fine; voluntary dissolution or termination of functions
§ 34-9-170. Taxes -- Imposition; deductions, reductions, abatements, and credits
§ 34-9-171. Tax exemption
§ 34-9-172. Examinations by Commissioner to verify solvency of funds
§ 34-9-173. Remedy of deficiencies in surplus or reserve; initiation of insolvency proceedings; assessments upon liquidation
§ 34-9-174. Promulgation of rules and regulations
§ 34-9-175. Hearings or other proceedings for aggrieved parties
§ 34-9-176. Service of process; venue of actions
§ 34-9-177. Funds not to be deemed insurers
§ 34-9-178. Construction of article
§ 34-9-179. Application of Chapter 6 of Title 33 to funds; enforcement by Commissioner
§ 34-9-180. Officials of funds prohibited from having pecuniary interests in transactions; exceptions
§ 34-9-181. Administrative fines, probation, or additional penalties
§ 34-9-182. Deadline for compliance.

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