Self-insured employers to furnish annual financial statements to Commissioner; Commissioner may examine records and interview employees.
1. Each self-insured employer shall furnish audited financial statements, certified by an auditor licensed to do business in this state, to the Commissioner annually within 120 days after the expiration of the self-insured employer’s fiscal year.
2. The Commissioner may examine the records and interview the employees of each self-insured employer as often as he deems advisable to determine the adequacy of the deposit which the employer has made with the Commissioner, the sufficiency of reserves and the reporting, handling and processing of injuries or claims. The Commissioner shall examine the records for that purpose at least once every 3 years. The self-insured employer shall reimburse the Commissioner for the cost of the examination.
Last modified: February 25, 2006