Minnesota Administrative Rules

2780.5000 DEFICITS.

Subpart 1.

Payment.

In the event of a deficit in any fund year, such deficit shall be paid up immediately, either from surplus from a fund year other than the current fund year or by assessment of the membership. The commissioner shall be notified within ten days of any transfer of surplus funds.

Subp. 2.

Assessment.

If the commissioner finds that any deficit has not been paid up, the commissioner shall order an assessment to be levied against the members of a group self-insurer sufficient to make up any deficit.

Statutory Authority:

MS s 176.181

History:

17 SR 1279

Published Electronically:

September 14, 2007