Lawmakers Pass Bill to Create Self-Insurance Reserve Fund

Washington lawmakers passed a bill that would create a separate trust fund to collect certain assessments paid by self-insured employers. The state House of Representatives on Thursday voted 98-0 to pass Senate Bill 5084. The Senate voted 47-2 to pass it March 8. Senate Bill 5084 would create a self-insurance reserve fund to collect certain assessments. Self-insured employers pay assessments to cover claim costs of other self-insured employers that have defaulted; cost-of-living adjustments on pensions and pensions awarded by the Second Injury Fund; and to reimburse self-insured employers f...