16 Va. Admin. Code § 30-80-90 - Public self-insurers
A.16VAC30-50-90 of the commission
stipulates that the state, its municipalities, and its divisions, may apply for
and be granted the privilege of self-insurance without providing the proof of
solvency required by §
65.2-801 of the Code of
Virginia.
B. Public entities that
wish to become self-insured for workers' compensation must apply using the
currently approved version of the commission's application form (VWC Form No.
20).
C. The attachments to the
application that are required of private sector applicants (financial reports,
claims runs, application fee) are not required of public sector
applicants.
D. No surety bond or
excess insurance coverage will be required of public sector
applicants.
E. Public sector
applicants will be provided with a Certificate of Self-Insurance that is
continuous in nature.
F. Approved
public self-insurers are required to:
1. Meet
their responsibilities under the Virginia Workers' Compensation Act.
2. Follow all other commission rules and
regulations.
3. Provide annual
payroll and operational reports as specified in
16VAC30-80-70 A
of this chapter.
4. Respond to
specific commission requests for information as specified in
16VAC30-80-70 E
of this chapter.
5. Provide the
assessments that are required under Chapters 10 (§
65.2-1000 et seq.), 11 (§
65.2-1100 et seq.), and 12
(§
65.2-1200 et seq.) of Title 65.2
of the Code of Virginia and
16VAC30-80-100 of this
chapter.
Notes
Statutory Authority
§§ 65.2-201 and 65.2-801 of the Code of Virginia.
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