PUBLIC Law Chapter 98

factors the superintendent may consider include the self-

insurer's liquidity, leverage, tangible net worth, size

and net income.__For group self-insurers, the

superintendent's review must be based on the aggregate

financial condition of the group members.__At the request

of the superintendent, a group self-insurer shall report

relevant financial information, on a form prescribed by

the superintendent, at such intervals as the

superintendent directs.__The superintendent may establish

additional review criteria or procedures by rule.__Rules

adopted pursuant to this subparagraph are routine

technical rules as defined in Title 5, chapter 375,

subchapter 2-A.

(6)__If the superintendent determines, based on an
evaluation of a self-insurer's financial condition
pursuant to subparagraph (5), that the confidence level
at which the self-insurer has been authorized to fund
its trust is not sufficient to provide adequate
security for the self-insurer's reasonably anticipated
potential workers' compensation liabilities, the
superintendent shall make a determination of the
appropriate confidence level and order the self-insurer
to take prompt action to increase funding to that level
within 60 days.

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