Rule 24.29.621 - NEW MEMBERS OF EMPLOYER GROUPS(1) An employer group which has been self-insured for at least one year may add employers with the approval of the department, and the concurrence of the guaranty fund. The employer group shall provide the following information about the new employer at least 90 days prior to the requested date of addition to the employer group: (a) a completed application on forms provided by the department;(b) resolution designating authorized signatures for participation in the program;(c) a copy of a signed agreement showing: (i) agreement to accept joint and several liability for all workers' compensation benefits and occupational disease obligations incurred by the employer group;(ii) provision for power of attorney between the new applicant and the employer group; and(iii) agreement to be bound by the by-laws and by the employer group's decisions;(d) copies of two years' audited or reviewed financial statements may be required from each new applicant by the department or the guaranty fund;(e) a claims summary from insurance carriers who provided coverage for claims incurred in Montana during the preceding 3 years;(f) evidence that the applicant has been accepted for coverage by the employer group's excess insurance carrier; and (g) evidence that the private employer has been in business for a period of not less than 3 years; however, a new entity created from the reorganization of one or more self-insured entities may elect to self-insure individually or as a member of a employer group even though the new entity has not been in existence for a period of 3 years. Such election shall be made on the effective date of the new employer entity. Mont. Admin. r. 24.29.621
NEW, 1996 MAR p. 1151, Eff. 5/1/96; AMD, 2024 MAR p. 1066, Eff. 5/11/2024AUTH: 39-71-203, MCA; IMP: 39-71-403, 39-71-2101, 39-71-2102, 39-71-2103, 39-71-2106, MCA