New Hampshire Revised Statutes 281-A:5-a – Self-Insurance for Private Employers
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Any private employer as defined in N.H. Rev. Stat. § 281-A:2, VIII, or any group or association of homogeneous employers may, subject to N.H. Rev. Stat. § 281-A:5, III, and any rules adopted to enforce such section, self-insure for workers’ compensation coverage provided that such employer or group or association of homogeneous employers shall:
I. Establish and maintain appropriate loss reserves determined in accordance with sound actuarial principles.
II. Maintain specific excess insurance.
III. Make all contracts with administrators or service companies available for inspection by the commissioner upon reasonable notice.
I. Establish and maintain appropriate loss reserves determined in accordance with sound actuarial principles.
Terms Used In New Hampshire Revised Statutes 281-A:5-a
- Commissioner: means the labor commissioner appointed as provided in RSA 273. See New Hampshire Revised Statutes 281-A:2
- Employer: with respect to private employment, means:
(a) A person, partnership, association, corporation, or legal representative of a person, partnership, association or corporation who employs one or more persons whether in one or more trades, businesses, professions or occupations and whether in one or more locations. See New Hampshire Revised Statutes 281-A:2 - Homogeneous: means of a similar kind or nature, or possessing similar qualities and attributes. See New Hampshire Revised Statutes 281-A:2
II. Maintain specific excess insurance.
III. Make all contracts with administrators or service companies available for inspection by the commissioner upon reasonable notice.