19 Miss. Code. R. 5-4.08.3 - Members' Obligation

A. Each member shall:

1. designate and provide to the Pool Administrator the name and address of an official of the Member's organization with authority to represent the Member in its dealings with the Pool and to whom all correspondence from the Pool shall be sent;

2. report to the Pool Administrator, in the form and manner prescribed by the Pool Administrator, the workers compensation premiums written by such Member during each calendar year;

3. provide to the Pool Administrator such other information as the Pool Administrator may require to administer the affairs of the Pool and to determine the Member's share of the Pool's surplus or deficit or the Member's ability to meet its obligations to the Pool;

4. promptly pay, when ordered by the Pool Administrator and approved by the Commissioner, all assessments; and

5. comply with such operational or administrative procedures as the Commissioner, or the Pool Administrator with the approval of the Commissioner, may prescribe.

B. If the Pool Administrator determines that a Member has not cooperated to the extent necessary to make the determinations required hereunder, the Pool Administrator shall have the authority to ensure the Member's ability to meet its obligations to the Pool by, without limitation:

1. ordering that any distribution or refund due the Member be paid into escrow or trust with the Pool Administrator to secure the Member's obligations;

2. ordering that any distribution or refund due the Member be paid in trust with a third party to secure the Member's obligations; or

3. ordering that the Member obtain a letter of credit or such other form of security and in such amount approved by the Pool Administrator to secure the Member's obligations.

Compliance with any such order within the time specified therein shall be an obligation of the Member to which the order is directed and shall be enforced by the Commissioner.

Miss. Code Ann. § 71-3-111 (Rev. 2011)

Notes

19 Miss. Code. R. 5-4.08.3