Self-insurance; certificates; revocation
Sec. 3. (a) Whenever an employer has complied with the
provisions of section 1 of this chapter relating to self-insurance, the
worker's compensation board shall issue to such employer a
certificate which shall remain in force for a period fixed by the
board, but the board may upon at least ten (10) days notice and a
hearing to the employer revoke the certificate upon satisfactory
evidence for such revocation having been presented. At any time
after such revocation the board may grant a new certificate to the
employer upon the employer's petition and satisfactory proof of
financial ability.
(b) All such certificates issued by the industrial board before May
21, 1929, shall remain in force for the period for which they were
issued unless revoked as in this section provided.
(Formerly: Acts 1929, c.172, s.70.) As amended by P.L.144-1986,
SEC.51; P.L.28-1988, SEC.44.
Last modified: May 27, 2006