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Washington Administrative Code (Last Updated: November 23, 2016) |
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Title 200. Enterprise Services, Department of |
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Chapter 200-120. Affordable housing entity joint self-insurance property and liability program requirements. |
Section 200-120-240. Standards for operations—Program changes—Notification to the state risk manager.
Latest version.
- (1) All joint self-insurance programs shall operate in the same form and manner stated in the program's original application approved by the state risk manager. Programs shall submit a written request and receive approval from the state risk manager prior to implementing the following proposed program changes:(a) Any change in the terms of the ownership agreement;(b) Elimination or reduction of stop-loss insurance;(c) Acceptance of any loans or lines of credit;(d) Provision of services to nonparticipants;(e) Addition of participants of other entity types than those included in original application approved by state risk manager;(f) Any change in the program's investment guidelines.(2) The following program changes require written notification to the state risk manager prior to implementing the following changes:(a) Increases in retention level;(b) Decrease or increase insurance limits;(c) Initial contract with a third-party administrator, or change in third-party administrator;(d) Any change to ownership agreement.