Pennsylvania Statutes Title 77 P.S. Workers' Compensation § 1037.1. Definitions

The following words and phrases when used in this article shall have the meanings given to them in this section unless the context clearly indicates otherwise:

“Account” means the Prefund Account established in section 909(a). 1

“Compensation” means benefits paid pursuant to sections 306 and 307. 2

“Defaulted self-insurer” means an employer, other than the Commonwealth and its political subdivisions, that is exempted by the Department of Labor and Industry from the requirement to insure its liability under this act or under section 305 of the act of June 21, 1939 (P.L. 566, No. 284),  3 known as “The Pennsylvania Occupational Disease Act,” for claims on injuries or exposures to the hazard of disease which occurred prior to October 30, 1993, and which has failed to pay that liability due to its financial inability or due to its filing for bankruptcy or being declared bankrupt or insolvent.

“Employer” means a self-insured employer or the employer as defined in this act.

“Fiscal year” means the fiscal year of the Commonwealth.

“Guaranty Fund” or “fund” means the Self-Insurance Guaranty Fund established in section 902  4 for injuries and exposures occurring on or after the establishment of the Self-Insurance Guaranty Fund.

“Prefund claimant” means an employe or a dependent of an employe of a defaulted self-insurer who is entitled to benefits under this act or the act of June 21, 1939 (P.L. 566, No. 284),  5 known as “The Pennsylvania Occupational Disease Act,” as the result of injury or exposure to the hazard of disease which occurred prior to October 30, 1993.

“Security” means surety bonds, cash, negotiable securities of the United States Government or the Commonwealth or other negotiable securities, such as letter of credit, acceptable to the department which are posted by the fund to guaranty the payment of workers' compensation benefits.

“Self-insurer” means an employer exempted under section 305 or a group self-insurance fund permitted to operate under Article VIII. 6

“Workmen's Compensation Administration Fund” means the special fund established in section 446. 7