Pennsylvania Code
Title 34 - LABOR AND INDUSTRY
Part VIII - Bureau of Workers' Compensation
Chapter 125 - WORKERS' COMPENSATION SELF-INSURANCE
Subchapter C - SELF-INSURING GUARANTY FUND
Section 125.202 - Definitions

The following words and terms, when used in this subchapter, have the following meanings, unless the context clearly indicates otherwise:

Act-The Workers' Compensation Act (77 P. S. §§ 1-1038.2).

Basis of premium-The basis for the computation of an employer's workers' compensation insurance premium, such as employe remuneration paid by the employer.

Bureau-The Bureau of Workers' Compensation of the Department.

Compensation--Compensation as defined in section 901 of the act (77 P. S. § 1037.1).

Custodial accounts-The two distinct and separate accounts of the guaranty fund established under section 902(c) of the act (77 P. S. § 1037.2(c)). One account is to be used exclusively to pay benefits arising from defaulting individual self-insurers and one account is to be used exclusively to pay benefits arising from defaulting group self-insurance funds.

Default-The failure of a self-insurer to pay compensation due to the self-insurer's financial inability or the self-insurer filing for bankruptcy or being declared bankrupt or insolvent.

Department-The Department of Labor and Industry of the Commonwealth.

Employer-An employer as defined in section 901 of the act.

Guaranty fund-The guaranty fund as defined in section 901 of the act.

Manual premium-The sum of an employer's basis of premium for each classification for the 12-month period immediately prior to the effective date of its individual self-insurance status under section 305 of the act (77 P. S. § 501) or of its membership in a group self-insurance fund under Article VIII of the act (77 P. S. §§ 1036.1-1036.18) multiplied by the applicable SWIF rate in effect at the time of the issuance of the insurance policy immediately prior to the employer's individual self-insurance status or its membership in a group self-insurance fund.

Modified manual premium-An employer's manual premium multiplied by its experience modification factor for the insurance policy immediately prior to the employer's individual self-insurance status or its membership in a group self-insurance fund, before adjustments or discounts.

New group self-insurance fund-A group self-insurance fund initiating operation under the act.

New individual self-insurer-An employer operating as a self-insurer under its first permit, including an employer operating as a self-insurer under its first permit following the lapse of a previous period of self-insurance.

Occupational Disease Act-The Pennsylvania Occupational Disease Act (77 P. S. §§ 1201-1603).

Runoff group self-insurance fund-A group self-insurance fund which voluntarily terminated the permit issued to it under Article VIII of the act or a group self-insurance fund whose permit was revoked by the Bureau.

Runoff individual self-insurer-An employer that had been a self-insurer under section 305 of the act (77 P. S. § 501) and section 305 of the Occupational Disease Act (77 P. S. § 1405) but no longer maintains a current permit.

Security-Security as defined in section 901 of the act.

Self-insurer-A self-insurer as defined in section 901 of the act, including a runoff individual self-insurer and a runoff group self-insurance fund.

Self-insurer accounts-Individual segregated subaccounts of the custodial accounts for the deposit of funds received from security demanded under section 904(d)(2)(ii) of the act (77 P. S. § 1037.4(d)(2)(ii)).

SWIF-The State Workers' Insurance Fund.

SWIF rate-The amount per unit of exposure which SWIF charges for insurance, calculated by multiplying the lost cost charge for a classification by the SWIF lost cost multiplier.

This section cited in 34 Pa. Code § 125.10 (relating to funding by public employers).