Section 39-71-2603 - DefinitionsAs used in this part, unless the context requires otherwise, the following definitions apply:
(1) "Board" means the board of directors of the Montana self-insurers guaranty fund.(2) "Fund" means the Montana self-insurers guaranty fund established pursuant to 39-71-2609.(3) "Insolvent private self-insurer" means an employer:(a)(i) that is unable to pay workers' compensation claims because:(A) it has been determined to be insolvent by a court of competent jurisdiction; or(B) bankruptcy proceedings have been instituted by or against it; or(ii) whose claims are not being paid on its behalf; and(b) whose security has been exhausted pursuant to 39-71-2108.(4) "Member" means an employer bound by compensation plan No. 1 that participates in the Montana self-insurers guaranty fund.(5) "Private self-insurer" means a private employer bound by compensation plan No. 1 that has secured the payment of workers' compensation claims pursuant to 39-71-2101.En. Sec. 3, Ch. 244, L. 1989.