Section 79A.20 Eligibility Requirements for Commercial Self-Insurance Groups
79A.20 ELIGIBILITY REQUIREMENTS FOR COMMERCIAL SELF-INSURANCE GROUPS.
Subdivision 1.Group eligibility.
A commercial self-insurance group consists of two or more employers in similar industries. The commercial self-insurance group shall not incorporate or form a business trust pursuant to chapter 318.
Subd. 2.Membership eligibility.
A commercial self-insurance group may only admit employers who meet the eligibility requirements established by the group including financial criteria, underwriting guidelines, risk profile, and any other requirements stated in the commercial self-insurance group's bylaws or plan of operation.
History:
1995 c 231 art 2 s 29