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MI HB5479

Bill

Official Source

Status

Passed

7/16/2014

Primary Sponsor

Joseph Graves

Click for details

Origin

House of Representatives

97th Legislature

AI Summary

  • Self-insurers' security fund liability for private employer group self-insurer claims terminates on January 1, 2020
  • Private Employer Group Self-Insurers' Security Fund (PEGSISF) assumes responsibility for eligible claims against private employer group self-insurers on and after January 1, 2020
  • Director may assess all private employer group self-insurers proportionally based on prior year paid losses if a trust is reasonably likely to be insufficient to cover claims made before January 1, 2020
  • Assessment proceeds are payable to the trust to satisfy liability for claims
  • Effectiveness is contingent on enactment of House Bills 5478, 5480, and 5483

Legislative Description

Worker's compensation; administration; liability of various self-insurer funds; establish. Amends 1969 PA 317 (MCL 418.101 - 418.941) by adding sec. 501a. TIE BAR WITH: HB 5478'14, HB 5480'14, HB 5483'14

Worker's compensation, administration

Last Action

Assigned Pa 229'14 With Immediate Effect

7/16/2014

Committee Referrals

Reforms, Restructuring And Reinventing5/28/2014
Commerce4/29/2014

Full Bill Text

No bill text available