| A. A pool shall maintain a trustee fund and a loss fund.
B. Trustee fund.
1. All premiums and assessments charged to members of a pool shall be paid to the trustee fund which fund shall be placed in a designated federally insured depository in Arizona.
2. A pool shall create a loss fund from the trustee fund.
3. A pool shall pay administrative expenses of the pool from the trustee fund.
4. Money from the trustee fund shall be transferred to the loss fund as needed to enable a pool to pay from the loss fund cash needs related to liabilities imposed or arising under the Arizona Workers' Compensation Act.
C. Loss fund.
1. A pool shall place its loss fund in a designated federally insured depository in Arizona.
2. A pool shall pay all workers' compensation expenses from the loss fund.
3. A loss fund shall be maintained at all times by an authorized service company or administrator charged with processing and paying workers' compensation claims.
4. A pool shall ensure that its loss fund is financially able to cover current cash needs related to liabilities imposed or arising under the Arizona Workers' Compensation Act.
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