Section 408.43. Employer self-insured application; combinable entities.

Rule 13. (1) An employer who applies for the authority to become an individual self-insurer shall apply to the bureau on form 402.

(2)   The initial and annual renewal application shall contain answers to all questions, shall include all requested supporting information, as directed, and shall be sworn to by an authorized representative of the employer  whose signature is notarized.

(3)    Separate legal entities may be self-insured under a single authority if they are majority-owned by the self-insured entity submitting the application or if the same person or group of persons owns a majority interest in each entity on a single application. "Majority interest" of a corporation  means ownership of a majority of  the  voting stock or authority to appoint a majority of directors, if there is no voting stock. "Majority interest" of a partnership means majority partnership interest by the same person or group of persons. "Majority interest" in a limited liability company means majority member ownership by the same person or group of persons.

History: 1979 AC; 1980 AACS; 1984 AACS; 1998-2000 AACS.