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Section 1-42-203 - Self-Insurance Program Board; Powers and Duties.

WY Stat § 1-42-203 (2019) (N/A)
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1-42-203. Self-insurance program board; powers and duties.

(a) The board shall:

(i) Administer the program;

(ii) Provide legal services for the defense of claims covered by this act;

(iii) Procure insurance, including reinsurance, purchase loss prevention, actuarial and other professional services as required by the board;

(iv) Establish assessments as necessary to operate the program on an actuarially sound basis. Assessments shall be computed to provide for:

(A) Expenditures authorized under this act; and

(B) Stabilization charges to develop adequate reserves.

(v) Apportion and collect assessments from each participating local government;

(vi) Establish deductibles or retentions as deemed necessary for the efficient operation of the program; and

(vii) Adopt rules governing the administration of the program.

(b) The board may deny a local government participation in or may terminate a participant from the program for a failure to pay the assessments required under this act.

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Section 1-42-202 - Local Government Self-Insurance Program; Creation; Authorized Payments.
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Section 1-42-204 - Claims Procedures; Compromise or Settlement of Claims; No Extension of Liability.