260 R.I. Code R. 260-RICR-50-05-1.3

Current through December 3, 2024

Section 260-RICR-50-05-1.3 - DEFINITIONS

A. "Aggregate stop-loss insurance" means a policy designed to limit claim coverage (losses) to a specific amount. This type of coverage is to ensure that catastrophic claims (specific stop-loss) or numerous claims (aggregate stop-loss), do not upset the financial reserves of a self-funded plan.

B. "Certified employer" means an employer who is certified to Self-Insurer for workers' compensation

C. "Department" or "The Department" means the Department of Labor and Training.

D "Director" means the Director of the Department of Labor and Training

E. "Excess policy" means a policy issued to provide limits in excess of an underlying liability policy

F. "Self-insurance" means: the authority to directly pay compensation to employees or their dependents.

H. "WC" means workers' compensation.

260 R.I. Code R. 260-RICR-50-05-1.3

Amended effective 11/28/2018