§ 28-47-11 - Assessment against group self-insurers.
SECTION 28-47-11
§ 28-47-11 Assessment against groupself-insurers. – (a) Whenever the director determines that the compensation and benefitsprovided by this chapter may be unpaid by reason of the default of an insolventgroup self-insurance plan, and the penal sum of the surety bond, trust fund, orother security is about to become exhausted, the director shall levy anassessment against all self-insured employers in that group self-insurance planto assure prompt payment of that compensation and benefits.
(b) Notwithstanding any other provisions of law, in the eventthat an employee leasing firm approved under this chapter does not pay thecompensation and benefits provided by this chapter by reason of insolvency, andthe penal sum of the surety or other security is about to become exhausted, thedirector shall levy an assessment against all client companies of the employeeleasing firm to assure prompt payment of the compensation and benefits.