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Topic: Self insurance

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Insurance

	Self insurance - Wikipedia, the free encyclopedia
		Self insurance is a risk management method whereby an eligible risk is retained, but a calculated amount of money is set aside to compensate for the potential future loss.
		Self insurance is similar to insurance in concept, but involves either the payment of a self-insurance premium to a captive insurance company, cell captive or rent-a-captive insurer, or making an on-balance sheet provision and not paying a premium to an insurer at all.
		Self insurance is possible for any insurable risk, meaning a risk that is predictable and measurable enough in the aggregate to be able to estimate the amount that needs to be set aside to pay for future uncertain probable losses.
	en.wikipedia.org /wiki/Self_insurance (766 words)

	Self Build Insurance. Selfbuild Building Site Insurance
		Self Build site insurance is of fundamental importance when investing your money into property and is designed to be taken out when you purchase your plot of land.
		Self build site insurance ensures you are covered for almost any eventuality and provides you with financial compensation in the event of a loss.
		Self builders are often obliged to take out special cover by someone who is permitting them to do something.
	www.selfbuildit.co.uk /guarentee.htm (450 words)

	IWCC (Site not responding. Last check: 2007-11-01)
		As the cost of conventional workers' compensation insurance has fallen, employers have chosen to purchase traditional insurance plans, and the number of applications for self-insurance has fallen.
		Coverage must be maintained until the applicant has met all the conditions to self-insure and the Commission issues a certificate of approval to the applicant with the effective date of self-insurance.
		The employer is required to provide for the continuation of payment of current and future claims that occurred during the self-insurance period and maintain security for the length of time sufficient to guarantee the payment of those workers’ compensation obligations.
	www.state.il.us /agency/iic/selfinsurance.htm (1681 words)

	Ohio Self Insurance
		self insurance as an alternate method of funding their workers' compensation.
		CCI's information systems department has created specialized self insurance software, unique to our company, which we consider to be the most effective system in the industry.
		The qualifications for workers' compensation self insurance are established by the Ohio Bureau of Workers' Compensation (BWC).
	www.cciworkerscomp.com /9223.cfm (359 words)

	806 KAR 39:050. Self-insurance.
		The purpose of this administrative regulation is to set forth in detail the criteria that must be met in order to apply for self-insurance, and the grounds on which the commissioner may revoke self-insurance status.
		The security so furnished may be in the form of a bond, with surety thereon, by an insurer authorized by the Department of Insurance to engage in surety insurance contracts, or with such other surety as the commissioner may approve.
		Security may also be furnished by depositing with the Custodian of Insurance Securities cash or assets of the kind which may be deposited by a domestic insurer pursuant to KRS 304.8-030.
	www.lrc.state.ky.us /kar/806/039/050.htm (568 words)

	IRMI - Self-Insurance, Primary Insurance, and Excess Insurance: Adventures in Contract Interpretation
		Drafting insurance policies and other contracts that accurately and clearly express the intended relationships is a difficult and time-consuming task.
		The insurance company with the most specific clause relating to the characteristics of the loss is primarily liable.
		It is true that each of the policies has an "other insurance" clause that apparently limits coverage in the fortuitous circumstance of the presence of other validly subsisting coverage, but an examination of the purpose of the policies dictates resolution of this dispute.
	www.irmi.com /Expert/Articles/2002/Wollner02.aspx (2797 words)

	Home Page (Site not responding. Last check: 2007-11-01)
		Self Insurance for Worker's Compensation has been a financial tool for corporations, hospitals and municipalities since the 1930s with Employee Benefits becoming viable for self insurance with the passage of ERISA in 1976.
		Self insurance offers control and flexibility and the tools for a safe work environment.
		Alvin J Sims has been involved with self insurance since 1968 providing services to self-insureds and prospective self-insureds for feasibility studies, reinsurance, surety bonds, regulatory assistance and selection of service vendors.
	www.self-insure.com (229 words)

	Self Insurance
		CFSA also purchases an excess workers' compensation insurance policy that pays claims in excess of the SIR up to $100,000,000 per accident for workers' compensation benefits and up to $10,000,000 per accident for Employers' Liability.
		Protection applies to real property of covered fairs and personal property of fairs electing to pay an additional premium, and is subject to a deductible in the range of $10,000 to $100,000 based on fair classification.
		CFSA purchases excess property insurance policies that provide a $750 million protection limit excess of the first $500,000 protection of the pool.
	www.cfsa.org /selfinsure/selfinsure.htm (1004 words)

	Risk Management Insurance Coverage - State of Oregon
		The Insurance Fund, established by ORS 278.425, is used to provide both commercial and self-insurance coverage for the State of Oregon.
		ORS 278.405 grants broad authority to DAS-RM to purchase commercial insurance, develop and administer self-insurance programs, or any combination, thereof, as may be in the best interest of the state.
		Commercial insurance is a contract in which one party (insurance company) agrees to indemnify or guarantee another party (insured, i.e., State of Oregon) against a covered loss in exchange for a premium.
	www.oregon.gov /DAS/SSD/Risk/InsuranceCoverage.shtml (342 words)

	Self-Insurance
		Excess insurance is placed with specific and aggregate limits so the organization can anticipate costs in the program.
		A loss fund limit is established as the maximum amount of the usual and expected accumulation of losses within the self-insured retention in any given policy period.
		Despite its name, the loss fund is not necessarily fully funded at the inception of the program; losses may be paid from an account whose funding level is based on an estimate of expected paid losses.
	www.ajg.com /portal/communities/community.asp?CommunityID=410 (384 words)

	Appealing a denial with a self-funded insurance plan
		Large corporations often "self-fund" their health insurance plans.
		Self-funded plans are regulated differently than an HMO or a major medical plan run by an insurance company.
		While your state's health insurance regulatory body doesn't have any legal authority over your health plan, a patient advocate there may be able to advise and coach you on how to proceed.
	www.bankrate.com /brm/news/insurance/20050726b1.asp (221 words)

	Self Insurance Primer
		In the recent past, even though some insurance costs have decreased, management must still devote a substantial amount of time to obtain the best coverage, the highest limits and the lowest retentions required for the organization's asset protection and the lowest cost available.
		Secondly, self-funding was used in the hope that the attention of insurance regulators would not be alerted.
		A major consideration for some self-insurers is the fact that since the state cannot regulate the ERISA plan as insurance, it cannot mandate that certain benefits must be included in the plan.
	www.self-insure.com /self.htm (1271 words)

	IRMI - The Workers Compensation Self-Insurance Decision
		Often, contracts contain provisions specifying that the subordinate party maintain minimum amounts of workers compensation insurance from an insurer that satisfies certain criteria, such as state licensing and minimum financial ratings.
		Self-insureds do not maintain conventional insurance; hence such requirements cannot be satisfied.
		But, when an organization reaches the point where exploring alternatives to workers compensation insurance makes sense, then it becomes essential for an organization to fully evaluate the factors that affect that decision.
	www.irmi.com /insights/articles/fuge003.asp (1070 words)

	Self-Insurance
		Self-insuring employers agree to abide by BWC and the Industrial Commission of Ohio's (IC's) rules and regulations and to provide accurate and timely benefits subject to those rules (OAC 4123-19-03 and ORC 4123.35).
		BWC considers self-insurance a privilege and monitors the activity of all self-insuring employers in Ohio to ensure that benefits are paid fairly, promptly and in accordance with Ohio law.
		Proposed plan to inform employees of the change from state fund to self insured including procedures employees must follow when filing for compensation and benefits.
	www.ohiobwc.com /basics/guidedtour/empyes/coverage/cov_self_insurance.asp (308 words)

	Stor-U-Self - Insurance
		Homeowners insurance is issued at various levels of coverage.
		Stated Value Insurance Policies are available from most local insurance agents for items like antique cars and other high value collectibles or antiques.
		Flood Insurance is available from the Federal Government.
	verizonsupersite.com /storuselfcom/insurance (453 words)

	self-insurance (Site not responding. Last check: 2007-11-01)
		The absence of insurance against losses from risks of those types constitutes an existing condition involving uncertainty about the amount and timing of any losses that may occur, in which case a contingency exists as defined in paragraph 1.
		Uninsured risks may arise in a number of ways, including (a) noninsurance of certain risks or co-insurance or deductible clauses in an insurance contract or (b) insurance through a subsidiary or investee to the extent not reinsured with an independent insurer.
		Further, unlike an insurance company, which has a contractual obligation under policies in force to reimburse insureds for losses, an enterprise can have no such obligation to itself and, hence, no liability.
	www.wku.edu /~jack.hall/self-insurance.html (278 words)

	Self Build Insurance
		Building site insurance is of fundamental importance when investing your money into property and is designed to be taken out when you purchase the building plot.
		Site insurance ensures you are covered for almost any eventuality and provides you with financial compensation in the event of a loss.
		We have searched the self build market to find the most competitive self build insurance, it also has the best cover of polices found.
	www.selfbuild123.co.uk /self-build-insurance.htm (170 words)

	Risk Management: Self-Insurance Coverage for University Equipment (Site not responding. Last check: 2007-11-01)
		The University maintains a combination of insurance and self insurance which will provide for the expenses of repair or replacement of University owned* and inventoried equipment which is stolen or damaged.
		University owned and inventoried equipment is currently defined as nonexpendable, tangible, personal property with a useful life of more than one year and an acquisition cost of more than $2,500.
		The self insurance fund will reimburse 80% of the loss above the deductible to a limit of $25,000.
	www.csuohio.edu /riskmanagement/self-insurance.html (646 words)

	Insurance: Liability Coverage
		The University may purchase liability insurance or participate in self-insured liability pooling or other arrangements for professional liability, motor vehicle liability, or other liability if required by statute, contract, or special circumstance.
		While the majority of liability issues for the university are covered under Chapter 669 of the Code of Iowa, unique circumstances may warrant the purchase of commercial liability insurance.
		For questions regarding liability insurance and self-insurance programs or requests for proof of insurance, please contact us.
	www.iastate.edu /~orm/second-level/Insurance-Liability.html (319 words)

	Self Insurance – Workers' Compensation
		An employer who wishes to self insure for workers' compensation can do so in one of two ways: (1) by becoming an individual self-insurer or (2) by becoming a member of a self insured group.
		In the event of the insolvency of a group self-insurer, participating members would be held jointly and severally liable for the unpaid obligations of the group incurred during the time of the employers' participation.
		For this reason, employers interested in participating in a group should review all relevant documentation of the group self insurer, including, but not limited to: the group's independently audited financial statement; the trust document and by-laws; and the group's methodology for developing contribution levels.
	www.wcb.state.ny.us /content/main/SiLr/selfins_wc.jsp (1127 words)

	CHAPTER 4. WORKERS' COMPENSATION SELF-INSURANCE GROUPS (Site not responding. Last check: 2007-11-01)
		Specific and aggregate excess insurance in a form, in an amount and by an insurance company acceptable to the Commissioner for a group of public employers.
		A financial security endorsement, issued as part of an acceptable excess insurance contract, may be used to meet all or part of the security requirement.
		At least 70% of the net premium shall be placed into a designated depository for the sole purpose of paying claims, allocated claims expenses, reinsurance or excess insurance and special fund contributions, including 2nd injury and other loss-related funds.
	www.delcode.state.de.us /title18/c004/index.htm (3909 words)

	georgia.gov - Self-Insurance & Insurance
		The State Board regulates and licenses approximately 300 companies and 100 governmental entities who self-insure their workers' compensation liabilities and 400 insurance companies who write policies of workers' compensation.
		On matters relating to self-insurance or workers' compensation insurance issues, please contact Kathy Oliver at 404-656-4893 or Carol Griffin at 404-651-7839.
		The following documents are in PDF format and are provided to assist you with the insurance process. To view the documents, you'll need the free Acrobat Reader.
	sbwc.georgia.gov /00/channel_modifieddate/0,2096,11394008_12680135,00.html (83 words)

	ICC Product Liability Insurance And Self Insurance
		As Insurance professionals, ICC has seen claims that could have been avoided if the manufacturer or business had proper warnings on their product.
		This is passed on to the manufacturer in terms of higher premiums more exclusions in a policy which does not adequately protect the manufacturers or retail merchant.
		Often times, the manufacturer self insured their products because they cannot find an insurance carrier to insure their product that is placed in the mainstream of Commerce.
	www.insuranceclaimsconsult.com /product_liab.htm (1022 words)

	Apparel Industry Magazine - Self-insurance: Boon or boondoggle? (Site not responding. Last check: 2007-11-01)
		Doug Gaddis, an investigator with the Georgia insurance commissioner’s office, says the charges include insurance fraud, theft by deception and violation of the Georgia’s RICO (Racketeer Influenced and Corrupt Organizations) Act.
		Although the situation has yet to be resolved, the case may be a wakeup call to any apparel manufacturers unaware of the pitfalls of employee-benefit programs in general, and self-funded insurance in particular.
		If you are collecting employee money for insurance, it better be contributed to that plan, or you are committing a crime.
	www.abraxis.com /roxanna/stories/selfinsurance.html (1337 words)

	self insurance Definition (Site not responding. Last check: 2007-11-01)
		Establishing reserves for future losses instead of purchasing insurance.
		Experts say that even if a mortgage is paid off, homeowner's insurance is still a good buy.
		This article describes different types of homeowner's insurance, and basic information on filing claims.
	www.investorwords.com /4464/self_insurance.html (162 words)

	Trusting in Workers' Compensation Self-Insurance Programs
		So, instead of paying a set premium to an insurance carrier or to a state-sponsored workers' comp fund, they pay for each claim as it incurs out of their own pocket.
		Group self insurance programs—generally more common among small to mid-range employers—are not-for-profit associations of comparable employers formed to provide statutory workers' comp and employer's liability.
		Employers can also incorporate stop-loss or excess insurance to a program and frequently do, allowing them to self-insure but not assume all the liability for losses.
	www.insurancejournal.com /magazines/east/2004/03/22/features/40568.htm?print=1 (1097 words)

	Self-employed health insurance
		On their federal return, self-employed taxpayers were allowed to deduct a certain percentage of their qualifying health insurance premiums as an adjustment to income rather than as an itemized deduction.
		Using Schedule M1H, self-employed taxpayers may subtract the portion of health insurance premiums that they were not allowed to deduct on their federal return.
		Most taxpayers complete Schedule M1H using the Self-employed Health Insurance Worksheet found in the 1040 instruction booklet; however, taxpayers with more than one source of self-employment premiums for qualified long-term care insurance should use the worksheet in Publication 535 to complete Schedule M1H.
	www.taxes.state.mn.us /taxes/individ/other_supporting_content/self_emp_health_ins.shtml (239 words)

	employed health insurance ohio self (Site not responding. Last check: 2007-11-01)
		Although the prices for employed health insurance ohio self may be internationally better than say Australia you should also check out the freight and shipping charges.
		Our research on many products, including employed health insurance ohio self, revealed that many suppliers are now offering employed health insurance ohio self freight free.
		Health Resources employed health insurance ohio self to dental employed health insurance self
	www.globalwebhealth.com /employed-health-insurance-ohio-self (124 words)

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