79A.19 COMMERCIAL SELF-INSURANCE GROUPS; DEFINITIONS.
Subdivision 1. Scope.
For the purposes of sections
, the terms defined in
this section have the meanings given them. If there is any inconsistency between this section and
, the provisions of this section shall govern.
Subd. 2. Accountant.
"Accountant" means a certified public accountant who is not an
employee of any member of the commercial self-insurance group and is not affiliated with any
individual or organization providing services other than accounting services to the group.
Subd. 3. Actuary.
"Actuary" means an individual who has attained the status of associate
or fellow of the Casualty Actuarial Society who is not an employee of any member of the
commercial self-insurance group and is not affiliated with any individual or organization
providing services other than actuarial services to the group.
Subd. 4. Common claims fund.
"Common claims fund" means the cash, cash equivalents,
or investment accounts maintained by the commercial self-insurance group to pay its workers'
Subd. 5. Member.
"Member" means an employer that participates in a commercial
Subd. 6. Commercial self-insurance group.
"Commercial self-insurance group" means a
group of employers that are self-insured for workers' compensation under chapter 176 and elects
to operate under sections
rather than sections
Subd. 7. Commercial self-insurance group security fund.
group security fund" means the commercial self-insurance group security fund established
pursuant to this chapter.
Subd. 8. Trustees.
"Trustees" means the board of trustees of the commercial self-insurance
group security fund.
History: 1995 c 231 art 2 s 28