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Current as of January 01, 2024 | Updated by Findlaw Staff
As used in this part, unless the context requires otherwise, the following definitions apply:
(1) “Board” means the board of directors of the Montana self-insurers guaranty fund.
(2) “Fund” means the Montana self-insurers guaranty fund established pursuant to 39-71-2609.
(3) “Insolvent private self-insurer” means an employer:
(a)(i) that is unable to pay workers' compensation claims because:
(A) it has been determined to be insolvent by a court of competent jurisdiction; or
(B) bankruptcy proceedings have been instituted by or against it; or
(ii) whose claims are not being paid on its behalf; and
(b) whose security has been exhausted pursuant to 39-71-2108.
(4) “Member” means an employer bound by compensation plan No. 1 that participates in the Montana self-insurers guaranty fund.
(5) “Private self-insurer” means a private employer bound by compensation plan No. 1 that has secured the payment of workers' compensation claims pursuant to 39-71-2101.
Cite this article: FindLaw.com - Montana Title 39. Labor § 39-71-2603. Definitions - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-39-labor/mt-st-39-71-2603/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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