Florida Regulations 61G7-9.001: Requirements for Self-Insurance for Employee Benefits or Workers’ Compensation
Current as of: 2024 | Check for updates
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(1) Each employee leasing company applicant or licensee which sponsors a plan of self insurance for employee benefits or workers’ compensation benefits shall file with the Board a full description of such plan and shall incorporate in its financial statements all the assets and liabilities of any trust which it may have established for the purpose of funding said plan.
(2) An employee leasing company applicant or licensee shall not be considered a sponsor of a plan of self-insurance solely by its participation in a workers’ compensation self-insurance fund regulated and approved by the Department of Financial Services, Division of Workers’ Compensation.
Rulemaking Authority 468.522 FS. Law Implemented 468.529(1) FS. History-New 7-14-92, Amended 11-15-92, Formerly 21EE-9.001.
Terms Used In Florida Regulations 61G7-9.001
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Rulemaking Authority 468.522 FS. Law Implemented 468.529(1) FS. History-New 7-14-92, Amended 11-15-92, Formerly 21EE-9.001.