Minnesota Administrative Rules

2780.0600 GROUNDS FOR REVOCATION OF SELF-INSURANCE AUTHORITY.

The following shall constitute grounds for revocation of the authority to self-insure:

A.

failure to comply with parts 2780.0100 to 2780.5000;

B.

failure to comply with any lawful order of the commissioner;

C.

failure to comply with any provision of the Workers' Compensation Act;

D.

a deterioration of financial condition adversely affecting the self-insurer's ability to pay expected losses, including a worsening of the current ratio, a lessening of net worth, a net loss of income, or the failure of the self-insurer to meet the net worth standards of part 2780.1200, subpart 1, or 2780.2200;

E.

committing an unfair or deceptive act or practice as defined in Minnesota Statutes, section 72A.20; or

F.

failure to abide by the plan of operation of the WCRA.

Statutory Authority:

MS s 176.181

Published Electronically:

September 14, 2007