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Workers' Compensation - Insurance

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  1. Basics: What is workers′ compensation insurance?

  2. Basics: How is workers′ compensation insurance priced?

  3. Basics: How do I obtain coverage?

  4. Basics: Does an employer have to carry workers′ compensation insurance?

  5. Basics: Who sets the premium amount for my group?

  6. Change in coverage: Do I need to notify the Division of changes to my self-insurance program?

  7. 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.

  8. Coverage: I am an employer with multiple subsidiaries. Would my subsidiaries be covered under the same self-insurance authority as the parent company?

  9. Employee questions: What if the group that my employer belonged to is no longer in business?

  10. Employee questions: What if my employer is no longer a member of the group?

  11. Employee questions: My employer is self-insured. My weekly check is always late. What can I do?

  12. Employee questions: What if my employer is no longer in business?

  13. Process: How long does it take for an application to be processed? My policy expires soon and I want to be self-insured by the time it is renewed.

  14. Process: The parent company and several subsidiaries are already self-insured. Do I need to resubmit the same data, such as the Third Party Administrator agreement, that applies to all the other entities? Will the application still take that long?

  15. Process: What are the on-site safety audits?

  16. Process: I keep getting a notice that my Excess Insurance Certificate is unacceptable. What is the Division looking for on the certificate?

  17. Process: Our company has changed names/was bought out by another company? What do we need to submit to the Division?

  18. Process: Our broker informed me that we can save money by increasing our self-insured retention. What is required for a retention increase?

  19. Security: How do I get my security reduced?

  20. Security: How much security is required to be posted? How is this amount calculated?

  21. Security: How do I get my security released?

  22. Security: What forms of security are acceptable? What are the requirements for each?

  23. Self-insurance: If I am a self-insurer, do I need a third-party administrator?

  24. Self-insurance: Does an individual self-insured employer incur any surcharges or taxes?

  25. Self-insurance: What should I do if I wish to terminate my self-insurance authority?

  26. Self-insurance: Are self-insured employers and groups allowed to handle their claims differently or pay different benefits than insurance carriers?

  27. Self-insurance: Is there a Guarantee Fund for groups?

  28. Statute: What is the period of Limitations to file a claim for compensation with the Division?

  29. Statute: When do insurers and third-party administrators have to report an injury to the Division?

  30. Statute: What are the penalties under the law for workers′ compensation fraud?

  31. Statute: What is the excess insurance policy limit requirement?

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