51.14.160 - School districts, ESDs, or hospitals as self-insurers -- Rules -- Scope.

School districts, ESDs, or hospitals as self-insurers — Rules — Scope.

The director shall promulgate rules to carry out the purposes of RCW 51.14.150:

     (1) Governing the formation of self-insurance groups for the purposes of this chapter;

     (2) Governing the organization and operation of the groups to assure their compliance with the requirements of this chapter;

     (3) Requiring adequate monetary reserves, determined under accepted actuarial practices, to be maintained by each group to assure financial solvency of the group; and

     (4) Requiring each group to carry adequate reinsurance.

[1983 c 174 § 3; 1982 c 191 § 8.]

Notes: Severability -- 1982 c 191: See note following RCW 28A.335.210.