If such a group self-insurance plan is terminated, the securities or surety bond on
deposit with the commissioner shall remain in the custody of the commissioner for
a period of at least 26 months. At the expiration of such time or such further period as the commissioner may deem
proper and necessary, he may accept in lieu thereof, and for the additional purpose
of securing such further and future contingent liability as may arise from prior injuries
to workers and be incurred by reason of any change in the condition of such workers
which warrants awards for additional compensation, a policy of insurance furnished
by the group self-insurer, its successor, assigns, or others carrying on or liquidating
such self-insurance group.
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 or via Westlaw before relying on it for your legal needs.
Was this helpful?
Response sent, thank you
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.