Sec. 4a-25a. Loss portfolio arrangement. Transfer of liability.
Sec. 4a-25a. Loss portfolio arrangement. Transfer of liability. The Commissioner of Administrative Services is authorized to enter into a loss portfolio arrangement
program for the purpose of transferring a group of workers' compensation claims to an
independent third party. Claims that qualify for transfer to such program shall be approved state employees' claims which require payment of future indemnity benefits and
payment of medical benefits to certain disabled workers. Such program shall provide
that the independent third party shall, as part of the assumption of liability, become
responsible for the management and administration of the transferred liability and shall
require such party to administer the individual workers' compensation claims in accordance with the Connecticut general statutes.
(June Sp. Sess. P.A. 01-7, S. 12, 28.)
History: June Sp. Sess. P.A. 01-7 effective July 1, 2001.