New Hampshire Code of Administrative Rules
Lab - Commissioner, Department of Labor
Chapter Lab 400 - WORKERS' COMPENSATION SELF-INSURANCE
Part Lab 405 - SATISFACTORY PROOF OF FINANCIAL ABILITY
Section Lab 405.03 - Self-Insured Retention

Universal Citation: NH Admin Rules Lab 405.03

Current through Register No. 12, March 21, 2024

(a) A self-insurer shall identify to the commissioner the dollar amount of the attachment point, up to which the self-insurer will be responsible for the payment of workers' compensation benefits for each work injury incident.

(b) In support of this identification of amount, the self- insurer shall submit:

(1) The dollar amount of the proposed self-insurer retention;

(2) Five years of loss history;

(3) A financial statement of the self-insured; and

(4) Any other factor that may impact the self-insurer's ability to pay claims.

(c) The commissioner shall review the submission and approve an amount for the self-insurer retention based on his or her discretion.

#2264, eff 1-6-83; ss by #2935, eff 12-27-84, EXPIRED: 12-27-90

New. #5235, eff 9-27-91; amd by #5501, eff 11-12-92; ss by #6631, INTERIM, eff 11-16-97, EXPIRED: 3-16-98

New. #6806, eff 7-18-98; ss by #8682, INTERIM, eff 7-15-06, EXPIRED: 1-11-07

New. #9019, eff 11-1-07

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