Minn. Stat. § 79A.19

This is the official text of Minn. Stat. § 79A.19, part of Minnesota’s Stat — part of the compiled statutory law of Minnesota, published by the state as "Stat." Browse the sections below, each linked to its official government source.

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§ 79A.19 COMMERCIAL SELF-INSURANCE GROUPS; DEFINITIONS.

Official statutory text

§ Subdivision 1. Scope. For the purposes of sections 79A.19 to 79A.32 , the terms defined in this section have the meanings given them. If there is any inconsistency between this section and section 79A.01 , 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' compensation liabilities.

§ Subd. 5. Member. "Member" means an employer that participates in a commercial self-insurance group.

§ 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 79A.19 to 79A.32 rather than sections 79A.01 to 79A.18 .

§ Subd. 7. Commercial self-insurance group security fund. "Commercial self-insurance 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.

Status: in_force · Read it on the official government site

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