Section 200-150-036. Standards for operations—Standards for solvency—Termination provisions.

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(1) Program terminations. All joint self-insurance programs shall maintain a written plan that provides for the partial or complete termination of the program and for liquidation of its assets upon termination of the program. The termination procedure shall include, but not be limited to, a provision for the settling of all its liabilities for unpaid claims and claim adjustment expenses.

(2) Member terminations. All joint self-insurance programs shall maintain a written plan that provides for the termination of membership of a member.

[Statutory Authority: 2015 c 109. WSR 15-22-011, § 200-150-036, filed 10/22/15, effective 11/22/15.]

2015 c 109. WSR 15-22-011, § 200-150-036, filed 10/22/15, effective 11/22/15.

                    
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