Current through Register Vol. XLI, No. 50, December 13, 2024
Section 85-19-4 - Self Insurance Pools; Establishment; Application of Funds4.1. The Commissioner shall maintain the Self-insured Employer Security Pool established pursuant to W. Va. Code §§ 23-2-9(e) and 23-2C-2(q) to make payments for bankrupt and default self-insured employers for claims with dates of injury prior to July 1, 2004. a. The Commissioner shall segregate all contributions to the Security Pool, including all investment income earned from Security Pool proceeds.b. The Commissioner shall not expend proceeds from the Security Pool corpus or its earnings for any other purposes than for obligations of the security pool.4.2. The Commissioner shall maintain the Self-insured Employer Guaranty Pool established pursuant to W. Va. Code §§ 23-2-9(e) and 23-2C-2(p) to make payments for bankrupt and default self-insured employers for claims with dates of injury on or after July 1, 2004. a. The Commissioner shall segregate all contributions to the Guaranty Pool, including all investment income earned from Guaranty Pool proceeds.b. The Commissioner shall not expend proceeds from the Guaranty Pool corpus or its earnings for any other purposes than for obligations of the Guaranty Pool.