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Coverage: Due to a corporate restructure, our current self-insured entity was merged out of existence, and a new entity was created. Will the new entity need to apply for self-insurance? Since the new entity has the same employees, can we transfer the security from the old self-insured entity to the new one? My broker does not have any problems with this.

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The new entity will need to apply for its own self-insurance authority. There is an exception. If the current self-insured was merged into another self insured, then a new application would not be required. This information will need to be provided to the Division. The new self-insured entity will need to post its own security. Security may not be transferred to or combined with other related entities′ authorities.

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