SB345: Revises provisions relating to associations of self-insured employers. (BDR 53-198)

Legislative Summary

AN ACT relating to industrial insurance; revising various requirements for an association of self-insured public or private employers, members of an association and members of a board of trustees of an association; revising permissible uses of money collected from members as annual assessments; prohibiting the distribution of dividends to members of an association by an association; revising provisions relating to certain administrative penalties; requiring an association of self-insured public or private employers operating on October 1, 2025, to apply for and be issued a new certificate to act as such an association; and providing other matters properly relating thereto.