Sec. 31-349g. Method of assessing all employers for the liabilities of the Second Injury Fund. Regulations. On or before January 1, 1996, the State Treasurer, in consultation with the Insurance Commissioner, shall adopt regulations regarding the method of assessing all employers for the liabilities of the Second Injury Fund. The liabilities shall be allocated between self-insured employers and insured employers based on paid losses for the preceding calendar year. The method of assessing self-insured employers shall be based on paid losses. The method of assessment for insured employers shall be a surcharge based on premium. In adopting regulations under this section, the State Treasurer shall consider their effect upon (1) the cost of doing business in this state, (2) the overall cost of the workers’ compensation system, (3) the effect of the regulations on insurers, insureds and self-insured employers and (4) the financial condition and liabilities of the fund. For purposes of this section, “insured employers” include members of workers’ compensation pools administered by interlocal risk management agencies and on and after January 1, 1996, “self-insured employers” shall include an employer mutual association organized prior to June 6, 1996, with a membership composed exclusively of health care providers and whose premium base is derived entirely from health care organizations.
(P.A. 95-277, S. 14, 19; P.A. 96-242, S. 5, 10.)
History: P.A. 95-277 effective July 1, 1995; P.A. 96-242 made technical change correcting the references to the State Treasurer and included certain employer mutual associations in the definition of “self-insured employers” after January 1, 1996, effective June 6, 1996.